Jio Platforms becomes India’s second-largest market-cap company
In short
Jio Platforms listed with a market value of ₹12.49 lakh crore.
Mint Markets says that made it India’s second-largest company by market cap, behind Reliance Industries and ahead of Bharti Airtel. The report does not say if the ranking will hold later.
What the reporting says
Jio Platforms’ listing with a market capitalisation of ₹12.49 lakh crore reshuffled India’s corporate rankings. Mint Markets says Reliance Industries stayed first, with Jio Platforms moving ahead of Bharti Airtel and leaving HDFC Bank and ICICI Bank in the top five. The immediate consequence is a new ranking order among large listed companies, while the source does not say whether the valuation changed after listing.
Why it matters
Jio Platforms’ listing at a ₹12.49 lakh crore market cap pushed it into second place among India’s largest companies, according to Mint Markets. Reliance Industries remained first, while Bharti Airtel, HDFC Bank and ICICI Bank filled out the rest of the top five. The report shows a reshuffling of corporate rankings, but it does not say whether the new position is likely to persist.