Reliance’s big Jio IPO bet: Inside Mukesh Ambani’s push to turn workforce into shareholders
Reliance Industries announced plans for a Jio IPO, aiming for a valuation of up to ₹10.3 trillion ($108 billion). The company seeks to raise ₹302 billion by offering 270 million shares priced between ₹1,065 and ₹1,119 each. This move reflects Mukesh Ambani's strategy to convert the workforce into shareholders, enhancing employee engagement and investment.