Jio eyes $1.4 tn digital economy, IPO proceeds to make it debt-free: Akash Ambani
Jio Platforms aims to capture a substantial portion of India's digital economy, projected to hit $1.4 trillion by 2030-31. Managing Director Akash Ambani stated that the upcoming initial public offering (IPO) will help eliminate the company's net debt. Future growth will be financed through operating revenues and cash flow, enhancing Jio's financial stability.