Jio IPO Pushes Reliance Past Tata Group by Market Value
Jio Platforms’ stock market debut helped Reliance Industries overtake Tata Group as India’s largest conglomerate by market value. Jio shares rose as much as 23%.
Story updates
10:23:47 AM UTC
SquawkNews
New Delhi, Oct. 28 -- Jio Platforms' blockbuster stock market debut has reshuffled India's corporate rankings, pushing Tata Consultancy Services (TCS) out of the country's five most valuable companies for the first time in decades. While Jio Platforms surged 21.36% above its IPO price on October 28…
10:23:49 AM UTC
SquawkNews
New Delhi, Oct. 28 -- Jio Platforms Ltd listed at Rs.1,358 a share on Wednesday, representing a 21.36% premium over its allotment price of Rs.1,119 and implying a market cap addition of over Rs.2.20 trillion ($26.4 billion) at the opening bell.The listing, which followed India's largest initial pub…
10:30:03 AM UTC
SquawkNews
Reliance Industries and its telecom and digital services arm Jio Platforms emerged as India's two most valuable listed companies on Wednesday, October 28, following Jio's blockbuster stock market debut. At the close of trading, Reliance Industries topped the market capitalisation rankings at Rs 15…
10:39:21 AM UTC
SquawkNews
Jio’s IPO surge ends Tata’s reign as most valuable India group
Jio Platforms Ltd.’s blockbuster stock market debut has propelled the digital company as well as its parent Reliance Industries Ltd. into rarified air. It also helped Mukesh Ambani’s conglomerate topple Tata Group as India’s largest conglomerate by market value.Jio’s shares rose as much as 23% on t…