The richest man in India, Mokish Ambani, to narrate Gio in the largest public subscription ever

Mockshish Ambani, the richest man in India, announced on Friday the plans to include the country’s largest communications operator, by the first half of 2026.

Speaking to the shareholders on the video conference on Friday, Ambani said that the total base of users in Geo, which started its operations in 2016, is now exceeding 500 million.

The Ambani -dominated, dominated independent, has a 66.5 % stake in JIO Platforms Ltd, which in turn, has the Rellence Jio InfoComm.

Its closest rival, BHARTI AIRTEL, with a market value of $ 128.7 billion and trades a price rate of 31.92, according to LSEG data. The latest global BOFA research report is estimated at $ 115 billion, based on the expected cash flow, with the estimate of Bharat Aartel’s India Cellular business at $ 124 billion.

Last month, Bloomberg I mentioned that the Relination Industries was looking to sell a 5 % stake in JIO – which is 25 % less than the excess of India. Such a move may raise $ 6 billion, making it the largest initial general offer in India since the emergence of Hyundai Motors India, which is $ 3.3 billion in October last year.

On August 21, the market organizer in India suggested the rules of mitigating the Mega deals. Changes will allow companies of 1 trillion rupee and 5 trillion to make a mandatory offer of only 2.75 % and 2.5 %, respectively, compared to the current minimum requirements of 5 %.

The subscription is likely to be the subscription, which exceeds 6 billion dollars, is greater than that the Indian market is to absorb it. Hyundai Motors India has been returned more than twice, largely by institutional investors, while retail demand was not influential.