Mukesh Ambani names children to lead Jio IPO

Reliance Industries chairman Mukesh Ambani has announced that the company's board approved the draft prospectus for the Jio Platforms IPO. His children Akash Ambani, Isha Ambani Piramal and Anant Ambani will lead the listing process.

The announcement came during a company meeting where Mukesh Ambani confirmed the board's decision on the draft prospectus.

Akash Ambani, Isha Ambani Piramal and Anant Ambani are now tasked with overseeing the next steps toward listing Jio Platforms.

The move follows years of anticipation for the IPO of the telecom and digital services unit.

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Reliance Jio Infocomm is preparing to submit draft papers for its anticipated 4 billion dollar IPO in India within days. The filing is expected just before Mukesh Ambani's annual address to Reliance Industries shareholders on Friday.

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Jio Platforms intends to use proceeds from its planned initial public offering to repay nearly $3 billion in external commercial borrowings held by its telecom unit.

India's securities regulator has cleared the initial public offering for quick commerce firm Zepto. The move opens the door to a potential Rs 12,000 crore listing later in 2026.

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Jio BlackRock Asset Management, a joint venture between Reliance Industries' Jio Financial and BlackRock, is changing its sales strategy less than a year after launch. The firm, which initially bypassed intermediaries, now plans to offer specialized investment funds through distributors. This shift aims to reach investors needing more guidance.

 

 

 

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