Ambani’s Jio Deal Rewrites India’s Market Playbook
Jio Platforms Ltd. has delivered India’s largest IPO, raising $3.1 billion and sending its shares up 27% in a debut that underscores the enduring market power of the Ambani family. By reshaping the deal structure and tempering valuations, the family broadened investor appeal and secured a landmark listing for the telecom-to-digital giant. The offering has lifted Jio’s market value above $130 billion, making it India’s second-most valuable company and a defining moment for the Ambani dynasty.
