Explained: What record-breaking Jio IPO means for 44 lakh Reliance Industries shareholders
The mother of all IPOs is coming to Dalal Street, but Mukesh Ambani’s 44 lakh Reliance Industries (RIL) shareholders may find themselves watching the mega value-unlocking bonanza from the sidelines rather than directly participating in the wealth creation.
Unlike two years ago when Jio Financial Services delivered a “buy one, get one free” bonanza through a spin-off that handed RIL shareholders direct stakes, this time Ambani is choosing the IPO route, leaving existing investors to benefit only through RIL’s 66.3% ownership structure.
