Mukesh Ambani fights back tears as his children take the wheel at Jio listing after record IPO
Article excerpt
Mumbai: Mukesh Ambani fought back tears as his three children took the stage at the stock market listing of Jio Platforms Ltd, the digital and technology business he built into a national connectivity giant, in an emotional moment that offered a glimpse of the next generation preparing to carry forward one of India's biggest corporate empires. The 69-year-old billionaire watched from the National Stock Exchange alongside his wife Nita Ambani, as Akash, Isha and Anant Ambani paid tribute to their
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Jio shares opened 21.4 per cent above their IPO price and rose as much as 23 per cent to Rs 1,375, valuing the company at more than Rs 12.5 lakh crore ($131 billion).
