Reliance's Jio IPO Strengthens Ambani Ties with Indian Retail Investors
Jio Platforms’ IPO, raising Rs 30,213 crore, was fully subscribed within two hours, marking a new chapter in the Ambani family's connection with Indian retail investors. Nearly five decades after Dhirubhai Ambani took Reliance Textile Industries public in 1977, Jio's future success depends on converting its vast telecom and digital presence into sustained earnings and investor returns.
ET Markets·


