Jio Platforms, Ambani's Indian telecom, rises 21% in stock market debut

FinanceInternationalEl Ecosistema StartupOct 28, 2026, 12:33 AM35 s readAI summary

Jio Platforms, the telecommunications and digital services unit of Reliance Industries, closed its first trading day with a 21% gain over its initial public offering price. Shares opened at ₹1,358 versus the ₹1,119 placement price. The deal raised US$3.2 billion and drew orders worth more than US$77 billion, making it the largest and most oversubscribed IPO in India's history. After the debut, the company was valued at around US$131.9 billion.

In 35 seconds

Shares opened at ₹1,358, 21% above the ₹1,119 placement price.
The IPO raised US$3.2 billion and received orders worth more than US$77 billion, 22.19 times the shares available.
With a valuation of about US$131.9 billion, Jio became India's second most valuable listed company, behind Reliance Industries.

Read the full story at El Ecosistema Startup

IASummary generated by artificial intelligence from a story by El Ecosistema Startup. It may contain errors: the original source prevails.

Jio Platforms
Reliance Industries
IPO
India
telecomunicaciones

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Jio Platforms, Ambani's Indian telecom, rises 21% in stock market debut

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

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