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

What happened: Akash Ambani said a missed college assignment by Isha Ambani helped spark the idea for Jio, which is now preparing for an IPO. Key numbers: IPO size Rs 30,213 crore. Valuation around Rs 10.3 lakh crore. Why it matters: Akash Ambani said the proceeds would go towards debt reduction, as Reliance seeks to unlock value from its digital business.

Akash Ambani said a missed college assignment by Isha Ambani helped spark the idea for Jio, which is now preparing for an IPO.

Akash Ambani said the proceeds would go towards debt reduction, as Reliance seeks to unlock value from its digital business.