How Ambani’s Jio became India’s second-largest company

New Delhi, India – This week, Mumbai, India’s financial capital, was the site of a splashy display by Asia’s richest man, Mukesh Ambani, with DJ sets, a drone show and a jam session with popular Indian singers.

The festivities marked India’s largest-ever initial public offering (IPO), as Ambani’s Jio Platforms raised $3.2bn in its stock market debut.

The telecoms-to-digita...