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Ambani magic captivates India once more with blockbuster deal

Jio Platforms Ltd. recorded India's largest IPO, raising $3.1 billion and experiencing a 27% rise in shares. The Ambani family strategically adapted the deal structure and lowered valuations to attract investors. Mukesh Ambani's son Akash played a significant role in this IPO process, marking a milestone for the Ambani dynasty. Jio's market valuation exceeded $130 billion, becoming India's second-most valuable company.

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Economic TimesLean R·2h ago
Ambani magic captivates India once more with blockbuster deal
Jio Platforms Ltd. recorded India's largest IPO, raising $3.1 billion and experiencing a 27% rise in shares. The Ambani family strategically adapted the deal structure and lowered valuations to attract investors. Mukesh Ambani's son Akash played a significant role in this IPO process, marking a milestone for the Ambani dynasty. Jio's market valuation exceeded $130 billion, becoming India's second-most valuable company.
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Ambani magic captivates India once more with blockbuster deal

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Ambani magic captivates India once more with blockbuster deal

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