{"id":1016237,"date":"2026-06-23T07:48:08","date_gmt":"2026-06-23T02:18:08","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1016237"},"modified":"2026-06-23T07:55:49","modified_gmt":"2026-06-23T02:25:49","slug":"11983-profit-hfcl-promoter-mahendra-nahatas-%e2%82%b910-jio-bet-may-turn-into-%e2%82%b95800-crore-windfall-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/23\/11983-profit-hfcl-promoter-mahendra-nahatas-%e2%82%b910-jio-bet-may-turn-into-%e2%82%b95800-crore-windfall-2\/","title":{"rendered":"11,983% profit! HFCL Promoter Mahendra Nahata&#8217;s \u20b910 Jio bet may turn into \u20b95,800 crore windfall"},"content":{"rendered":"<p>Jio Platforms Ltd (JPL) has formally initiated its initial public offering (IPO) process by filing its Draft Red Herring Prospectus (DRHP) with SEBI, exposing a staggering 11,983% valuation leap for one of its earliest domestic backers. Mahendra Nahata, Founder and Managing Director of HFCL, is sitting on an approximate 121-fold return on an initial block of shares acquired at just \u20b910 each. <\/p>\n<p>The draft prospectus reveals that the proposed IPO will consist entirely of a fresh issue of up to 270 million equity shares (face value of \u20b910 each) to raise capital directly for the company, with no Offer-for-Sale (OFS) component from existing shareholders. Currently, no investor, including Nahata, plans to sell shares in the upcoming public issue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jio Platforms Ltd (JPL) has formally initiated its initial public offering (IPO) process by filing its Draft Red Herring Prospectus (DRHP) with SEBI, exposing a staggering 11,983% valuation leap for one of its earliest domestic backers. Mahendra Nahata, Founder and Managing Director of HFCL, is sitting on an approximate 121-fold return on an initial block of shares acquired at just \u20b910 each. The draft prospectus reveals that the proposed IPO will consist entirely of a fresh issue of up to 270 million equity shares (face value of \u20b910 each) to raise capital directly for the company, with no Offer-for-Sale (OFS) [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-1016237","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1016237"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016237\/revisions"}],"predecessor-version":[{"id":1016252,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016237\/revisions\/1016252"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1016237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1016237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1016237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}