Jio Debuts as 2nd Most Valuable Company
Jio Platforms lists at premium, surges to Rs 1,419. Market capitalisation reaches Rs 13.1 lakh crore.
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Jio Platforms made a successful debut on the stock market, listing its shares at a premium price of Rs 1,358. The stock then surged to Rs 1,419, resulting in a market capitalisation of Rs 13.1 lakh crore.
This listing has elevated the RIL group to the top of India's most valued business houses. Jio's IPO was oversubscribed more than 22 times, indicating strong investor interest.
The successful listing makes Jio the second most valuable company in India, behind only its parent company Reliance Industries.
Frequently asked questions
What was Jio's listing price?
Jio Platforms listed its shares at a premium price of Rs 1,358.
What is Jio's market capitalisation?
Jio's market capitalisation reached Rs 13.1 lakh crore after the stock surged to Rs 1,419.
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