Billionaire Mukesh Ambani launches India’s biggest-ever IPO
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Business category. Published on October 20, 2026 • Originally reported by Julia Kollewe. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Business category. Published on October 20, 2026 • Originally reported by Julia Kollewe. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
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 targeting a 10.3tn rupees valuation when it floats on the stock market from Wednesday.
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