Jio Platforms debuts at 21% premium as Sensex slides; valuation tops ₹12 lakh crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Jio Platforms made a strong stock market debut on Wednesday, listing at ₹1,358 with a 21.36% premium.
- ✓The stock closed at ₹1,417.50 as the Sensex fell 352.64 points.
- ✓Akash Ambani said, “My heart overflows with gratitude.” The company now holds a valuation of around ₹12.5 lakh crore, becoming India’s second-most-valued firm.
Story at a Glance
- Category
- MARKET
- Reported By
- The Hindu
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Jio Platforms Ltd (JPL) made a strong stock market debut on Wednesday, listing at ₹1,358, a 21.36% premium over its issue price of ₹1,119. The stock extended gains to close at ₹1,417.50, up nearly 4.4% from its listing price.
The debut came amid a weak broader market. The Sensex plunged 995 points in early trade before recovering to close 352.64 points, or 0.48%, lower at 73,246.03. The Nifty settled below 22,700 as rising crude oil prices, selling in IT stocks and caution ahead of the U.S. Federal Reserve’s policy decision weighed on sentiment.
“My heart overflows with gratitude. Gratitude to every individual, every institutional investor in India and abroad, who made our IPO a blockbuster success,” said Akash Ambani, JPL’s managing director, at the NSE listing ceremony.
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The Hindu
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