Economy · India
Jio Platforms Lists on Stock Exchange, Stock Rises on Debut
Jio Platforms debuted on the stock exchange on October 28, opening for trading at ₹1,358, an increase of approximately 21% over its issue price of ₹1,119. By the end of the trading day, the stock had risen 27%, valuing the company at over ₹13.05 trillion. The rally continued into the following day. The company is also looking to drive growth through digital services and overseas technology partnerships, rather than solely relying on mobile tariff hikes.
How outlets across the spectrum covered it
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- Centre (3): Business Standard, Business Today, Mint
- Right (1): TFIPOST