Ambani's Jio IPO Promise To Investors Faces Crucial Test This Week

Mukesh Ambani's pledge to list Jio Platforms by June 2026 faces a crucial test at Reliance's 49th AGM on Friday. Bankers are on standby to file draft papers, targeting a $4 billion IPO amid volatile markets. The listing could revive India's IPO market, but Reliance shares have slipped 15% this year, eroding Ambani's net worth.