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Akash Ambani

  1. Ambani's Jio Platforms debuts in Mumbai after record US$3.2 billion IPO drew US$77 billion in bids

    Jio Platforms, the telecoms and digital business of Asia's richest man Mukesh Ambani, began trading in Mumbai on Wednesday, Oct 28, after its US$3.2 billion initial public offering drew US$77 billion in bids, the most heavily subscribed IPO in India's history. Jio is valued at up to US$108.3 billion, counts Meta and Google parent Alphabet as shareholders and has more than 530 million customers. The listing is part of Ambani's plan to turn parent company Reliance Industries from a petrochemicals group into a conglomerate spanning consumer and technology businesses. People familiar with the matter said his eldest son, Jio director Akash Ambani, was expected to attend the listing ceremony.

    Oct 28, 2026 Afternoon