Jio Platforms shares surge 21% on debut, becomes India’s second most valuable company
Jio Platforms Ltd on Wednesday made a strong stock market debut, with its shares surging 21.36 per cent over the issue price to Rs 1,358, taking its market valuation past Rs 12.50 lakh crore and making it India’s second most valuable listed company after Reliance Industries.
The Reliance Industries-backed digital services company began trading at Rs 1,358 on both the BSE and NSE, against its issue price of Rs 1,119. During early trade on the BSE, its market capitalisation stood at Rs 12,50,586.39 crore. The stock later traded at Rs 1,357.45 on the BSE and Rs 1,358.10 on the NSE.
