Ambani’s Jio Targets $108 Billion Valuation in Historic IPO
Mukesh Ambani's Jio is aiming for a $108 billion valuation in its landmark initial public offering (IPO), marking one of the largest in India. The IPO has generated significant investor interest, with Reliance Industries shares rising 3% following the announcement of a record Rs 30,213 crore issue. The offering includes special provisions for Reliance shareholders, creating a separate queue for them.
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