MumbaiJio Platforms shares rose 21.4% after India’s largest initial public offering.
Investors oversubscribed the 302 billion rupee ($3.2 billion) offering 22 times.
Shares opened at ₹1,357 against an upper price band of ₹1,119, as Reliance Industries moves beyond oil refining revenue.
The Nifty 50 fell 0.32% and the Sensex 0.47% as of 09:15am.
How each outlet framed it
drawn from 150+ reports worldwide
- CNBC
- Hindustan Times leans favorable
- ties the listing pop to the grey-market premium and quotes Anant Ambani's 'business is puja' framing from the ceremony
- Nikkei Asia
- frames the IPO as Reliance's exit from oil-refining dependence, a decade-long bid to diversify into connectivity
Sources: Hindustan Times, CNBC, Nikkei Asia