Company up 21.4% in opening trading following 3bn offering Reliance Industries Chairman and Managing Director Mukesh Ambani and his wife, Nita, ahead of the listing of…
Company up 21.4% in opening trading following $3bn offering Reliance Industries Chairman and Managing Director Mukesh Ambani and his wife, Nita, ahead of the listing of Jio Platforms at the National Stock Exchange in Mumbai on Oct. 28. © Reuters MUMBAI -- Shares in Jio Platforms, India's largest telecom company, opened trading 21.4% higher than the initial public offering price in their public debut on Wednesday, marking the culmination of a decade-long venture by former parent Reliance Industries to build a connectivity giant anddiversify awayfrom oil refining revenues.