Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Billionaire Mukesh Ambani launches India’s biggest-ever IPO

Mukesh Ambani India IPO Jio Akash Ambani Jio Platforms Reliance Industries Stock Market Google Meta
Mukesh Ambani appears on a large screen at the Vibrant Gujarat Global Summit in 2024.
Mukesh Ambani, chairman and managing director of Reliance Industries. Photograph: Amit Dave/Reuters

India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despite a stock market downturn.

Mumbai-based Jio Platforms, a telecoms company backed by Meta Platforms and Google, is hoping to raise up to 302bn rupees (£2.4bn) and is targeting a 10.3tn rupeesvaluation when it floats on the stock market from Wednesday.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Megan Fox 'Exorcism' Claim: Satirical Post Jokes About Removing Machine Gun Kelly From Her Soul
A satirical Instagram post jokes about Megan Fox seeking an exorcism to remove Machine Gun Kelly from her soul, prompting humorous and religious reactions
International Business Times UK
International Business Times UK
Getting Ziggy with it: David Bowie’s alter egos inspire dance show that will transform his songs
Subject to Change: A Dance for David Bowie will explore how the musician ‘practised a form of artistic reincarnation’, says choreographer Marcos Morau
The Guardian - UK
The Guardian - UK
Meta Is Gifting AI Glasses to Blind Veterans: 'I Got My Independence Back'
Meta's AI glasses carry privacy risks, but for blind veterans, they fill a gap that the government has failed to address.
Reason
Reason
Is ​adding cottage cheese ​to everything from brownies to flatbreads really the best way to​ 'proteinmaxx’ – and do you even need to?
Cottage cheese used to be the sort of food you associated with 1970s diet plans, uninspiring lunches and people who claimed to enjoy eating grapefruit for breakfast.
The Conversation
The Conversation
Swifties Allegedly Threatens to Call ICE and Police After Drag Queen Refused To Play Taylor Swift Song: 'This Space Is Not Safe For Swifties'
An online dispute began after drag performer Sherry Poppins reportedly declined to perform a Taylor Swift song, escalating into alleged threats to contact police and ICE.
International Business Times UK
International Business Times UK
Revere Family Artifacts Auction: Provenance drives $20,000 sale; bidders prize trade sign
In a fascinating find, items linked to Paul Revere's lineage were uncovered in the attic of a home in Canton. Among the artifacts were Joseph W. Revere's trade sign and various personal items. Initially estimated to fetch between $1,000 and $8,000, they surprised everyone by selling for $20,000, emphasizing their…
The Times of India
The Times of India
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play