Mukesh Ambani, 69, fought back tears as four generations of the Ambani family celebrated Jio Platforms Ltd.'s stock market debut. The patriarch watched his three children, Akash, Isha, and Anant, take the stage to discuss the family's journey. The siblings pledged that Reliance would remain "one single indivisible Reliance" under their leadership.
Trading began with a 21% gain, helping the Reliance group surpass the Tata Group as India's most valuable conglomerate. The Jio IPO was India's biggest ever in rupee terms and the fastest issue of its size to be fully subscribed. Isha recalled Mukesh working on Reliance's first public offering as a 20-year-old.
Anant compared the exchange bell to a temple bell. The event marked a milestone for the family dynasty, especially following a bitter succession battle after Dhirubhai Ambani's death in 2002. By ceremony's end, Mukesh, Nita, their children, and grandchildren crowded the stage to ring the bell together.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing