Billionaire Mukesh Ambani said Reliance Industries Ltd. is aiming to list India’s largest wireless carrier by the first-half of 2026, ending years of wait for the blockbuster offering that will give marquee global investors an exit route.

According to a Bloomberg report, Ambani shared the plan during his annual address to shareholders of the oil-to-retail conglomerate yesterday. He had first hinted about the potential listing of Reliance Jio Infocomm Ltd. in 2019, within a five-year time frame.

“Jio is making all arrangements to file for its IPO,” Ambani said, referring to plans for an initial public offering without sharing specifics on how much stake will be offered. “I am sure that it will be a very attractive opportunity for all investors.”

The Jio share sale would mark Reliance’s first public offering of a major business unit since Reliance Petroleum Ltd. debuted in 2006. Meta Platforms Inc and Alphabet Inc.’s Google were among the global tech giants that poured over $20 billion into Reliance’s telecom venture five years back.

Reliance is planning to sell just 5 percent of its Jio unit in a listing that may raise more than $6 billion, Bloomberg News reported last month. A recent policy proposal may mean it can list by selling even lesser equity than that.

Ambani’s long-awaited IPO announcement for the wireless unit comes days after India’s markets regulator proposed halving the minimum stake sale size to 2.5 percent for large IPOs — a policy tweak that’ll make it easier for firms like Jio to list.

Jio IPO “is poised to be a landmark event,” said Kranthi Bathini, an equity strategist at WealthMills Securities Pvt. “The valuation is the most critical element, as the company is positioning Jio as a technology company rather than a traditional telecommunications provider.”

Reliance Jio, which has nearly 500 million subscribers, entered the sector in 2016 with free calls and dirt-cheap data triggering an intense price competition that forced rivals to merge or quit, and ultimately paving way for the Ambani-led firm to emerge as the market leader.

Earlier this year, Jio Platforms Ltd. announced a pact with SpaceX to offer Starlink Inc.’s satellite Internet services in India.

While the partnership signalled India’s readiness to allow market access to American businesses, ties between New Delhi and Washington have been tested by President Donald Trump’s punitive 50 percent tariffs on Indian exports over its purchase of Russian oil.