How Akash, Isha Ambani’s missed college assignment led to the creation of Rs 10 lakh crore Jio

Reliance Jio Platforms is set to launch India’s largest-ever IPO, raising around Rs 30,213 crore through a fresh issue of 27 crore equity shares at a valuation of approximately Rs 10.3 lakh crore. The subscription window opens on October 21, 2026 and closes on October 23, with a tentative listing on NSE and BSE on October 28, surpassing Hyundai Motor India’s 2024 Rs 27,900 crore offering. Of the proceeds, Rs 27,500 crore is earmarked for debt repayment, and Reliance Industries currently owns 66.43% of Jio Platforms with Meta at 9.98% and Google at 7.73%.