Meta, KKR and Saudi’s sovereign fund are among those who invested in the tycoon’s telecoms business, Jio, five years ago at a hot valuation. They look set to crystallise weak returns in its planned IPO. It heralds a reset of how foreigners view tycoons and competition in India.
MUMBAI, Oct 16 (Reuters Breakingviews) – All that glitters isn’t gold when it comes to India’s richest man. When Mukesh Ambani lists his telecom business in Mumbai next year, it will be a blockbuster event for the country’s capital markets but it als… [7201 chars]
Source: Reuters | Published: 2025-10-15T22:00:26Z
Credit: Reuters
