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Reliance Jio IPO shatters records with massive oversubscription

Original: ರಿಲಯನ್ಸ್ ಜಿಯೋ

Reliance Jio's IPO has made history on Indian stock markets, drawing record investor demand of 7.4 lakh crore rupees in bids for a 30,000 crore rupee issue, with bidding reportedly completing within the first two hours. Coverage highlights Jio's revenue streams beyond SIM cards and investor interest in related stocks, while Mukesh Ambani has also topped Forbes' global wealth-increase list.

Why now: The record-breaking oversubscription of Jio's IPO and Ambani topping Forbes' wealth-increase rankings have drawn heavy investor and media attention.

Reliance JioMukesh AmbaniReliance IndustriesForbesIndian stock market

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