Jio debuts at premium, becomes India’s No. 2 by market value
In short
Jio started trading on the stock exchanges at a premium of Rs 1,358 per share. Its market value was put at Rs 12.5 lakh crore, making it India’s second-largest company and moving it ahead of Bharti Airtel.
This matters because it shows strong market demand and a very large valuation. The reporting does not say how the debut was structured or what caused the premium.
What the reporting says
Jio debuted on the stock exchanges at a premium of Rs 1,358 per share and became India’s second-largest company by market capitalisation at Rs 12.5 lakh crore. The reporting says it replaced Bharti Airtel in that ranking. The source does not state the offer size, trading venue details, or what specifically drove the premium.
Why it matters
Jio debuted on the stock exchanges at a premium of Rs 1,358 per share and was valued at Rs 12.5 lakh crore, making it India’s second-largest company by market capitalisation. The reporting says it replaced Bharti Airtel in that ranking. The source does not provide the listing structure, exact exchange details, or the reason for the premium.