India, Jan. 10 -- The impending Initial Public Offering (IPO) of Reliance Jio Infocomm (Jio), tentatively scheduled for 2026, is not merely a capital markets event; it represents a structural inflection point in the history of corporate India.

With investment bankers and analysts proposing a valuation range between USD 130 billion and USD 170 billion, the listing is poised to be the largest in the country's history, potentially eclipsing the market capitalisation of established giants such as Bharti Airtel and challenging global telecommunications benchmarks.

However, viewing this solely as a telecom listing provides a limited perspective. The narrative Reliance Industries Limited (RIL) is constructing-and asking the market to underwrit...