Mukesh Ambani Led Jio Platforms Prepares For Historic Stock Market Debut In India
Jio Platforms Ltd., the telecom giant controlled by billionaire Mukesh Ambani, is scheduled to make its stock market debut on Wednesday. The company successfully raised $3.1 billion through an initial public offering priced at 1,119 rupees per share, setting a record for India. This major market entry arrives during a challenging economic environment, testing whether the newly listed telecom firm can defy historical negative trends that have frequently impacted previous mega-deal offerings within the Indian market.
Originally published by Bloomberg Business | By Rajesh Mascarenhas, Samie Modak | 28 October 2026 | Read original: https://www.bloomberg.com/news/articles/2026-10-28/ambani-looks-to-defy-gravity-in-debut-after-india-record-jio-ipo
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