Ambani's tech shift in focus as investors pile into Jio's record IPO

$3.2bn listing, India's largest, comes amid volatility in Reliance's core oil business Reliance Industries Chairman Mukesh Ambani is taking Jio Platforms public as the telecom business tries to remake itself as a tech company and Ambani plans for succession by his three children. (Nikkei montage/Source photos by Reuters and Getty Images) MUMBAI -- In September 2016, shareholders of the petrochemical giant Reliance Industries saw Chairman Mukesh Ambani take the podium at its annual general meeting behind a curious new red emblem.