BusinessPhoto: Deccan HeraldJio Platforms Shares Surge 21% on Debut, Valued at Rs 12.5 Lakh Crore
Jio Platforms, backed by Reliance Industries, debuted on stock exchanges with shares rising over 21% from the issue price of Rs 1,119 to Rs 1,358. The company's market valuation reached Rs 12.5 lakh crore during early trading. The IPO raised Rs 30,213 crore with demand 22.19 times the shares offered, making Jio the second most valuable firm by market capitalization.
Deccan Herald··Mumbai



