A man walks across the LED board showing the logo of Jio at the ongoing India Mobile Congress 2022, at Pragati Maidan, in New Delhi, India, October 3, 2022. REUTERS/Anushree Fadnavis/ File Photo
(Reuters) -Telecom and digital giant Reliance Jio Platforms is aiming to file for an initial public offering (IPO) by the first half of 2026, setting the stage for one of India's highly anticipated stock market debuts.
Jio is making all arrangements to file for its IPO, billionaire Mukesh Ambani, chairman of parent firm Reliance Industries, told shareholders on Friday.
Jio aimed to expand its revenue, subscriber base and digital offerings for a higher valuation before an initial public offering, Reuters has reported exclusively inJuly.
On Friday, Ambani outlined five priorities for Jio's next phase of growth, saying the company would connect every Indian through mobile and home broadband, equip households with digital services, digitise businesses with secure platforms, drive an "AI Everywhere for Everyone" push, and expand operations overseas.
(Reporting by Chandini Monnappa and Kashish Tandon in BengaluruEditing by Tomasz Janowski)
