JIO PLATFORMS SURGES ON RECORD MUMBAI DEBUT

Jio Platforms ($JPL), the digital and telecom arm of Reliance Industries, jumped as much as 22.87% on its stock exchange debut in Mumbai on Wednesday, a day after closing India's largest-ever IPO. The offering raised 30,213 crore rupees, about 302 billion rupees. The debut pushed Jio's market value to roughly 12.57 trillion rupees, making it India's second-most-valuable listed company behind only Reliance Industries, and bumping Bharti Airtel, HDFC Bank, and ICICI Bank down the rankings.