Jio Surges 21% on Market Debut, Tops Bharti Airtel in Market Cap
Jio Platforms Ltd debuted on the stock market at ₹1,358 per share, a 21.36% increase over its allotment price of ₹1,119. This surge added over ₹2.20 trillion ($26.4 billion) to its market capitalization, making Jio the largest telecom company by market cap, surpassing Bharti Airtel at the opening bell.
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