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India’s record US$108b Jio IPO tests market faith as Musk rivalry heats up

Biman Mukherji · South China Morning Post
Published 20 Oct 2026, 10:43 pm·1 h ago·1 min read
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The coming launch of India’s largest-ever initial public offering (IPO) will test investor confidence in the country’s leading telecoms operator, Jio Platforms, the digital arm of billionaire Mukesh Ambani’s Reliance Industries. Jio’s public share offer on Wednesday comes close on the heels of an escalating row between Ambani and Elon Musk. The SpaceX founder has accused the Indian industrialist of using monopolistic influence to block Starlink’s entry into India – a charge Reliance has denied,...

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India’s Jio lures marquee investors to IPO anchor book, bids top $25 billion
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