Shares of Jio Platforms Ltd. listed on the bourses at ₹1,358, a 21% premium to its issue price.
\n\nThe listing gave it a market capitalisation of ₹12.5 lakh crore, making it the second most valuable company in India and the country’s largest telecom company.
\n\nThank you to new family of Jio shareholders
\n\nJio IPO response surpassed our expectations
\n\nTogether with shareholders we will make a new Jio
\n\nOur success is measured by the ambitions we encourage and potential we unlock towards a better India
\n\nShares of Jio Platforms have settled at a price of ₹1,358 on the Bombay Stock Exchange (BSE), a premium of 21% in comparison to its issue price of ₹1,119 per share.
\n\nJio Platforms could well list as India’s second most valuable company. The issue price of ₹1,119 values Jio at ₹10.3 lakh crore and makes it India’s fourth most valuable company on day one. It sits just behind Reliance, Bharti Airtel and HDFC Bank, and ahead of ICICI Bank, TCS and SBI. If it opens with a gap up and gain of ~20% then it will become second largest company by market capitalization.
\n\nJio Platforms is more exciting & will garner more investor interest than its…
Original source: https://www.cnbctv18.com/entertainment/
