Jio Platforms Shares Rise 21%, Surpass Airtel Market Cap
Jio Platforms shares surged 21.4% above their IPO price on the first trading day, closing at ₹1,417.35. The stock's market capitalization overtook Bharti Airtel's. The IPO was oversubscribed 22 times and received strong institutional support. Executive director Anant Ambani acknowledged the support of millions of subscribers at the launch event.
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