Reliance's Jio becomes No. 2 public firm after 27% rise on debut

Telecoms giant hits market capitalization of $137bn in wake of record IPO 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 -- Telecom giant Jio Platforms became the second-largest publicly listed company in India after soaring about 27% from its initial public offering price following its debut on the country's main bourses on Wednesday.