Info Edge reports steady growth; Reimagining everyday consumer products
Jio Platforms debuted on the National Stock Exchange with a significant premium, becoming India's second most valuable listed firm.
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Jio Platforms debuted on the National Stock Exchange with a significant premium, becoming India's second most valuable listed firm.
Jio Platforms successfully listed on the NSE with a 21.3% gain and Rs 12.5 lakh crore market cap, positioning itself as a technology company beyond telecom with focus on AI and cloud.
Jio Platforms, Reliance Industries' telecom and digital arm, listed at a 21.36% premium in India's largest IPO, achieving a $131 billion market capitalization.
Reliance's Jio Platforms prepares for India's largest IPO with backing from Meta, Google, and major investors, targeting satellite and digital retail expansion.
Reliance Industries' Jio Platforms IPO closed day one of subscription with 3.15X coverage led by institutional investors, with QIBs subscribing at 9.42X and retail investors at 72% of their allocation.
Jio Platforms' ₹30,213 crore IPO was oversubscribed 4.86 times in the QIB category within two hours, though retail and non-institutional portions remained undersubscribed, valuing the company at $108 billion.
Reliance Industries' Jio Platforms is launching a ₹30,213 Cr IPO, reportedly the largest in India, with subscription opening October 21-23 at a ₹1,065–₹1,119 price band.