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11,983% profit! HFCL promoter bought Jio shares at Rs 10, IPO could make it worth Rs 5,800 crore

As reported by Stocks-Markets-Economic Times
Jio Platforms has formally kicked off its IPO journey by filing its DRHP with SEBI, highlighting the extraordinary wealth creation generated for early investors. Among the biggest beneficiaries is HFCL founder Mahendra Nahata, whose investment at ₹10 per share has appreciated nearly 121 times, translating into a staggering 11,983% valuation gain.
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Jio Platforms has initiated its IPO process by filing its DRHP with SEBI, highlighting extraordinary wealth creation for early investors. HFCL founder Mahendra Nahata is a major beneficiary, having invested in Jio shares at just ₹10. His investment has seen an astounding 11,983%…

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