Jio makes blockbuster debut, lifts Reliance past Tata Group in market value race

Mukesh Ambani repeatedly fought back tears as he watched the listing of Jio Platforms Ltd on the National Stock Exchange, making the group his father founded and he expanded before and after the acrimonious split with his brother Anil, the most valuable in India by market capitalisation.

With the blockbuster listing of Jio, whose share price jumped by 26 per cent on debut, the telecom and digital arm of Reliance Industries Ltd ended the day with a market cap of over ₹13 lakh crore, second only to parent RIL.