Mumbai, Aug. 29 -- Reliance Jio Infocomm Ltd, the telecom arm of Reliance Industries Ltd (RIL), will launch India's largest-ever initial public offering (IPO) in 2026, Chairman and Managing Director Mukesh Ambani said on Friday.

Though Ambani did not disclose the exact size of the issue, market expectations suggest Jio could raise around Rs.52,000 crore, making it India's biggest public offering. Analysts value the company at more than $100 billion, with Jefferies estimating $136 billion based on both telecom and digital businesses.

Most projections put the IPO valuation between $111 billion on the lower end and $154 billion at the high end, according to an Indian Express report.

Outlining Jio's ambitious plans, Ambani said the company...