Coverage dated October 27, 2026 to October 31, 2026
Jio Platforms Adds $36 Billion in Value After India IPO Surge
Headline from Bloomberg
Jio Platforms Ltd. has added almost $36 billion in market value in two trading sessions, extending its blistering run after India’s biggest-ever initial public offering and underscoring investor appetite for direct exposure to the telecom and digital-services giant.
Bloomberg's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
When Jio Platforms Ltd. begins trading on Wednesday, its $107 billion valuation will put a price on several bets at once: Mukesh Ambani’s wager that cheap data could underpin the digital economy of 1.5 billion people; Google and Meta Platforms Inc.
Jio Platforms Ltd.’s stock market debut was an emotional moment for Mukesh Ambani, 69, as four generations of India’s wealthiest business dynasty came together to ring the opening bell.
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.
Mukesh Ambani’s ability to raise billions of dollars and win over investors has endured for decades. He showed it once again with Jio Platforms Ltd., which pulled off India’s biggest-ever initial public offering and a strong trading debut despite a difficult market backdrop.
Jio Platforms Ltd. has added almost $36 billion in market value in two trading sessions, extending its blistering run after India’s biggest-ever initial public offering and underscoring investor appetite for direct exposure to the telecom and digital-services giant.
Profit at Jio Platforms Ltd., part of Mukesh Ambani’s Reliance conglomerate, rose 14% as it added higher-paying subscribers, marking its first earnings report since its blockbuster stock-market debut this week.
