Meet Mahendra Nahata, the man who is set to reap 100-fold from Jio Platforms IPO (opens original article in a new tab)

Mahendra Nahata's 0.54% stake in Jio Platforms is now worth ₹5,800 crore, a 100-fold gain from his 2020 investment, as the company prepares for its IPO.

• Mahendra Nahata's 0.54% stake in Jio Platforms is valued at ₹5,800 crore, a 100-fold increase from his 2020 investment of ₹48 crore.
• Jio Platforms plans to issue 270 million new shares, reducing Reliance Industries' stake from 66.43% to 64.5%.
• Nahata's initial stake in Jio Platforms traces back to his 2010 acquisition of telecom spectrum through Infotel Broadband, later bought by Reliance.