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JIO PLATFORMS' PROFIT RISES 13.7% IN ITS FIRST RESULTS SINCE ITS BLOCKBUSTER MUMBAI DEBUT
Ambani's Jio posted consolidated net profit of 83.89 billion rupees for the September quarter, days after a record $3.2 billion IPO, per Reuters.
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Jio Platforms’ sparkling debut was met with enthusiasm among investors, paving the way for more potential offerings by some of the country’s largest privately held companies.
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Jio Platforms has added almost $36 billion in market value in two trading sessions, extending its blistering run after India’s biggest-ever initial public offering and underscoring investor appetite for direct exposure to the telecom and digital-services giant.
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Jio Platforms’ smash debut bucked a poor track record of India’s biggest share sales and gave investors a rare bright spot amid a bruising equity selloff: Evening Briefing Asia
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Jio's blockbuster stock market debut has propelled the company — and its parent Reliance — into rarified air
“Jio got blessings from the entire country.” Mukesh Ambani became emotional as Anant Ambani reflected on the company’s journey and played on the meaning of “Jio,” or “live,” during the listing. The debut also made Reliance Group India’s most valuable conglomerate:
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Jio Platforms’ stock market debut was an emotional moment for Mukesh Ambani, 69, as four generations of India’s wealthiest business dynasty came together to ring the opening bell.
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Jio has debuted as India's second-most valuable listed company, behind its parent, Reliance Industries.
Jio is set to debut on the stock market after a record-breaking IPO, pitting billionaire Mukesh Ambani’s telecom giant against a negative trend for India’s mega deals in a challenging market environment
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Jio’s IPO may have raised a record amount of funds for billionaire Mukesh Ambani’s digital and telecommunications giant, but it proved to be far less lucrative for the bankers handling the deal: Evening Briefing Asia
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