Jio and Reliance Retail are tied at the hip. That’s fine as long as the Ambanis are one big happy family
Jio Platforms’ initial public offering (IPO), India’s biggest yet, has gotten off to a flying start. Anchor investorsLarge institutional buyers who bid for shares one business day before the IPO opens to other public investors placed record bids on Monday for the over Rs 30,200 crore public issue, while public investors lapped it up more than 3X on day one on 21 October.
Typical of its parent—the Mukesh Ambani-controlled Reliance Industries—the issue of the digital-services firm has “big” written all over it. Not just its size, the marketing blitz........
