Businessman turns ₹48 crore to ₹5,800 crore in 6 years as Jio set to launch IPO: Report

HFCL MD Mahendra Nahata, an early backer of Jio Platforms, is set to see a 100-fold jump in his investment as the company is set to launch what could be India's largest-ever IPO, Mint reported. Nahata had invested ₹48 crore in Jio in 2020 and holds a 0.54% stake. His stake is now worth ₹5,800 crore, as per Motilal Oswal.