BusinessPhoto: Mint CompaniesJio's ₹10 Lakh Crore IPO Marks Telecom Industry Shift
Reliance Jio revolutionized India's telecom sector by offering affordable mobile data and free calls, sparking a price war and forcing competitors to change strategies. Now, a decade after its 2016 launch, Jio plans a landmark IPO targeting a ₹10.3 lakh crore valuation. The IPO opens October 21, aiming to raise up to ₹30,200 crore through a fresh issue of 27 crore shares, expanding into 5G, broadband, AI, and satellite connectivity.
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