Ambani's Jio Platforms set for stock market debut at 10.3 trillion rupee valuation

Indian billionaire Mukesh Ambani is taking Jio Platforms — a Mumbai-based broadband internet provider backed by Meta and Google — public. The company aims to raise up to 302 billion rupees (around 2.4 billion pounds) and targets a valuation of 10.3 trillion rupees (around 81 billion pounds). It would be India's largest IPO, proceeding despite a downturn in Indian markets.