Ambani’s $4 Billion Jio IPO Hits Roadblocks on Iran War Impact Bloomberg Markets By: Sanjai P R · Baiju Kalesh · Julia Fioretti · Manuel Baigorri 21 May 2026 at 03:13 Reliance Industries Ltd.’s plan to sell shares in digital arm Jio Platforms Ltd. — potentially India’s biggest-ever initial public offering — is running into a thicket of challenges exacerbated by the war in Iran. Mukesh Ambani in February.