economy

Reliance AGM 2026: Mukesh Ambani to address shareholders; Jio IPO in focus

Published on: 19 Jun 2026, 05:30 AM

Reliance Industries Ltd (RIL) Chairman and Managing Director Mukesh Ambani is set to address shareholders at the company's 49th annual general meeting (AGM) on Friday at 2 pm. The meeting is being closely watched for updates on the much-anticipated initial public offering (IPO) of Reliance Jio Infocomm, which is expected to be India's largest-ever IPO.

Shares of Reliance Industries rose 0.5 per cent ahead of the AGM, reflecting investor optimism. According to a Reuters report, the Jio IPO could be worth as much as $4 billion. The IPO is seen as a major milestone for the telecom arm of the conglomerate.

In addition to the Jio IPO, market participants are also keen to hear about the company's artificial intelligence (AI) strategy and its data centre expansion plans. The AGM will be live-streamed on RIL's official website and social media platforms, including YouTube, Facebook, and X (formerly Twitter).

Meanwhile, the National Stock Exchange of India (NSE) has also filed draft papers for its long-delayed IPO, which is likely to be worth $3.3 billion. The NSE issue will be an offer-for-sale, with existing investors selling 6 per cent of the company's equity. No fresh equity will be raised. The NSE IPO is one of two mega IPOs expected in India in 2026, alongside Reliance Jio.

The Reliance AGM is being held at a time when the company is diversifying into new-age businesses, including renewable energy, telecom, and digital services. Mukesh Ambani's speech is expected to outline the company's vision for the coming years and provide clarity on key business segments.

Investors and analysts will be listening for specific announcements regarding the Jio IPO timeline, valuation, and stake sale details. The AGM is scheduled to begin at 2 pm and can be accessed via the link provided on RIL's official events page.

Source: Indian Express

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