Stories
Isha Ambani Reveals How a College Assignment Sparked the Creation of Jio
- •Jio Platforms filed its Red Herring Prospectus for its IPO, which is scheduled to open on October 21.
- •Isha Ambani revealed that Jio's origin traces back to 2009-2010 when poor internet in Mumbai prevented her from submitting a college assignment.
- •She emphasized Reliance's focus on long-term vision, massive scale, effective execution, and strict financial discipline.
- •Reliance fulfilled its promise to become net debt-free by 2021 despite the challenges of the COVID-19 pandemic.
- •The third generation of leadership remains fully committed to Dhirubhai Ambani's vision of empowering every Indian through digital growth.
Key Questions Answered
Isha Ambani shared that around 2009-2010, while studying in the United States, she faced a failure with internet connectivity while trying to submit a college assignment during her holidays in Mumbai. This personal struggle sparked discussions with her brother Akash about why India lagged behind Western nations in digital connectivity, eventually leading to the foundation of Jio.
The Jio Platforms IPO will open for public subscription on Wednesday, October 21, 2026, and close on Friday, October 23, 2026. The bidding window for anchor investors is scheduled for Monday, October 19, 2026.
Jio Platforms has set a price band of Rs 1,065 to Rs 1,119 per equity share for its upcoming initial public offering. Through this fresh issue of up to 27 crore shares, the company aims to raise up to Rs 30,213 crore at the upper end of the price band.
