How Ambani’s Jio became India’s second-largest company
Jio makes India’s largest-ever stock market debut, raising $3.2bn in IPO.
Jio makes India’s largest-ever stock market debut, raising $3.2bn in IPO.
Ahead of Jio's listing, Mukesh Ambani teared up as his three children shared the journey of building Jio and vowed to create value for investors over the next 50 years.
Jio has debuted as India's second-most valuable listed company, behind its parent, Reliance Industries.
|| ShareSansar || Jio Platforms, the telecommunications and digital services company led by billionaire Mukesh Ambani, made a strong stock market debut today (Wednesday, October 28), with its shares rising 21.36% above...
Jio had offered 270 million shares in the IPO priced at 1,119 rupees apiece, raising 302 billion rupees ($3.2 billion) in the country's largest-ever IPO.
Jio's IPO promises a windfall for investors, but could signal the end of cheap mobile data for millions.
The offering surpasses the 2008 Reliance Power IPO, attracting more than 13.8 million applications and drawing strong demand from institutional and retail investors. Bids for billionaire Mukesh Am...
The offering surpasses the 2008 Reliance Power IPO, attracting more than 13.8 million applications and drawing strong demand from institutional and retail investors.