Ambani Heirs Face Tough Questions in Roadshow for Record Jio IPO

Ambani Heirs Face Tough Questions in Roadshow for Record Jio IPO Jio Platforms Ltd.’s push for a record initial public offering has drawn investor skepticism over its lofty valuation aspirations, providing an early test for Ambani heir Akash who’s leading a major Reliance Industries Ltd. transaction on his own for the first time. The global set of meetings that spanned Hong Kong, Singapore, Abu Dhabi, London and New York over the past four weeks has also doubled as a formal introduction for investors to the 34-year-old managing director of Jio Platforms. Akash and his siblings Isha and Anant have been slowly taking over the reins of India’s most valuable conglomerate in recent years from father Mukesh Ambani, one of the country’s most powerful tycoons.