Jio Platforms valued at ₹12.5 lakh crore after premium debut
In short
Jio Platforms started trading at a 21% premium while the Sensex fell. Its market value was around ₹12.5 lakh crore, and it moved ahead of Bharti Airtel.
That makes it India’s second-most-valued listed company after Reliance Industries. The report does not say more about the listing details or why the stock rose.
What the reporting says
Jio Platforms debuted at a 21% premium as the Sensex slid, with market capitalisation around ₹12.5 lakh crore, according to the publisher summary. The report says JPL overtook Bharti Airtel to become India’s second-most-valued listed company after parent Reliance Industries. The immediate consequence is a sharper valuation ranking for Jio Platforms, but the source does not state the listing venue, issue size, or whether trading was in the parent or a specific unit.
Why it matters
Jio Platforms is reported to have debuted at a 21% premium, lifting its market capitalisation to about ₹12.5 lakh crore and putting it ahead of Bharti Airtel in valuation ranking. That is relevant for Reliance Industries, telecom investors, and the broader market because it signals strong demand relative to peers. The reporting does not give the offer details or the reason for the move.