Economy
Jio Platforms Makes Blockbuster Debut With Over 21% Premium on Exchanges
Livemint2h
THE BRIEF
1
Jio Platforms made a blockbuster debut on Indian stock exchanges on Wednesday, listing with a premium of over 21% and closing up 26.66% at ₹1,417.35 on the BSE.
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Backed by Reliance Industries, the company reached a market capitalisation of ₹13,05,241.98 crore, making it India's second most valuable firm behind only its parent.
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Retail investors who received a single lot of 12 shares secured opening gains that increased to approximately ₹3,580 per lot by the end of Wednesday's trading session.