Jio Platforms becomes India’s second most valuable firm after record debut
- Jio Platforms shares surged 21 percent upon listing on the Mumbai stock exchange.
- The telecom giant raised over $3.2 billion in India's largest initial public offering.
- Massive investor interest drove the IPO to be oversubscribed 22 times during bidding.
- Raised funds will fuel expansion in 5G infrastructure, digital services, and cloud computing.
Source: moneycontrol.com
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