Skip to playerSkip to main content
  • 2 hours ago
Jio Platforms made a blockbuster debut on Dalal Street, listing at 1,358 rupees per share and delivering a 21% gain to IPO allottees within five days. The landmark debut pushed Reliance Group ahead of Tata Group to become India's most valuable conglomerate by combined market capitalisation. At the National Stock Exchange listing event, Reliance Industries Chairman Mukesh Ambani was visibly moved as the next generation took charge. Anant Ambani expressed gratitude to Prime Minister Narendra Modi for the Digital India vision and pledged full commitment toward achieving a Viksit Bharat. Attention now shifts toward Reliance's expansive retail business as the potential foundation for the group's next major market listing.

Category

🗞
News
Transcript
00:00Now, the other big story on India first.
00:05Jio Platforms has made a blockbuster debut on the Dalal Street listing
00:10at 1,358 rupees a share and delivering 21% returns to the IPO alloties in just five days.
00:19For the Ambani's, it is a moment of pride and what a milestone in Jio's journey.
00:26Mukesh Ambani, he was visibly moved as the Gen Next took charge today.
00:34Anand Tambani thanked Prime Minister Narendra Modi and pledged that they are committed to his dream,
00:40to his mission of a vikasit Bharat or a developed India.
00:57Jio Platforms stormed into the stock market, listing at 1,358 rupees a share,
01:05giving its IPO alloties a return of 21% on their investment in just five days.
01:12But the bigger story goes well beyond listing day gains.
01:17As India's biggest ever IPO gives the country a new corporate giant
01:22and pushes the Reliance Group past the Tata Group to become India's most valuable conglomerate
01:29by combined market capitalization.
01:32For Jio, the listing is only the starting point for a much bigger ambition.
01:38But behind the numbers, the valuations and ambitious promises,
01:43there was another story unfolding at the NSE, one that was deeply personal.
02:09Jio is a number of people.
02:15Our deepest gratitude to our Adarnia Pradhan Mantri Shri Narendra Damodardaas Modi ji
02:24for the vision of Digital India that gave Jio its purpose
02:30and for its continuous guidance and support.
02:34Adarnia Modi ji, aapko hamara koti koti pranam.
02:56It was a moment that captured the extraordinary journey of the Ambani family.
03:02For Indian investors, the next chapter of Reliance could be even more interesting.
03:07Beyond Jio, attention now also turns to Reliance's retail empire,
03:13where the group's enormous store network, digital commerce operations and growing consumer brands
03:19could provide the foundation for another major phase of expansion
03:23and potentially another market listing.

Recommended