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Story summary
- Jio will list shares, diluting promoters by about 3%.
- Jio serves 553 million mobile subscribers.
- Jio holds 50% of India's wireless broadband market.
- Average monthly data per Jio user rose from 28.7 GB in 2024 to 42.3 GB in 2026.
- Motilal Oswal says the IPO may end cheap tariffs and push higher ARPU via 5G.