Jio IPO: Akash, Isha and Anant Ambani to lead IPO process, says Mukesh Ambani

Mukesh Ambani announced at RIL's 49th AGM that Reliance Jio will file its DRHP with SEBI for an IPO comprising a fresh issue of up to 27 crore shares. Akash Ambani, Isha Ambani Piramal, and Anant Ambani will lead the IPO process, which is expected to become the largest IPO in Indian history, surpassing NSE's approximately Rs 30,000 crore and Hyundai Motor India's Rs 27,870 crore offerings. Jio reported a user base of 524 million and 5G subscribers of 268 million.