Exclusive | Akash, Isha Ambani take Rs 30,000 crore Jio IPO pitch global; marquee investors seek bigger stakes

What happened: Akash Ambani and Isha Ambani met investors across the Americas, Europe and Southeast Asia for Jio's IPO roadshows, with domestic roadshows now underway. Jio is being positioned as a technology company rather than only a telecom business. Key numbers: Issue opens Oct. 21, closes Oct. 23; anchor book opens Oct. Why it matters: The offering could surpass Hyundai Motor India's Rs 27,800 crore IPO, India's largest. Motilal Oswal said Reliance's price already factors an 18% to 36% holding company discount and reiterated buy ratings on Reliance Industries and Bharti Airtel.

Akash Ambani and Isha Ambani met investors across the Americas, Europe and Southeast Asia for Jio's IPO roadshows, with domestic roadshows now underway. Jio is being positioned as a technology company rather than only a telecom business.

The offering could surpass Hyundai Motor India's Rs 27,800 crore IPO, India's largest. Motilal Oswal said Reliance's price already factors an 18% to 36% holding company discount and reiterated buy ratings on Reliance Industries and Bharti Airtel.