Billionaire Mukesh Ambani launches India’s biggest-ever IPO
Low-cost broadband provider Jio Platforms aims for £81bn valuation when it floats on the stock market on Wednesday India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despite a stock market downturn. Mumbai-based Jio Platforms, a telecoms company backed by Meta Platforms and Google, is hoping to raise up to 302bn rupees (£2.4bn) and is…
Story summary
Low-cost broadband provider Jio Platforms aims for £81bn valuation when it floats on the stock market on Wednesday India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despite a stock market downturn. Mumbai-based Jio Platforms, a telecoms company backed by Meta Platforms and Google, is hoping to raise up to 302bn rupees (£2.4bn) and is…
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