Ambani’s Jio reaches $137 billion valuation, becoming India’s second-most valuable firm
From Daily Mirror ·
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1 min readFrom 3 outlets- Daily Mirror reports that Jio Platforms rose 27% on Wednesday.
- Daily Mirror, Ada Derana and Hiru News report a $3.2 billion IPO.
- Daily Mirror says Jio was valued at $137 billion; Ada Derana reports $131.5 billion, while Hiru News says it exceeded $131 billion.
Daily Mirror reports that Reliance Jio Platforms, the telecom and digital business associated with billionaire Mukesh Ambani, began trading in Mumbai on Wednesday after raising $3.2 billion in an IPO. Ada Derana and Hiru News also report the $3.2 billion offering and the Mumbai debut.
Daily Mirror says the shares climbed 27% on their first day of trading and valued the company at $137 billion, making it India’s second-largest company by market capitalisation. Ada Derana gives a debut valuation of $131.5 billion, while Hiru News reports that the value exceeded $131 billion.
Based on: Daily Mirror, Ada Derana, Hiru NewsWritten by AI from Daily Mirror, Ada Derana, Hiru Newsthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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