#reliance-industries
Jio wants equity, not fees: talks with Comcast and Charter to licence its broadband tech
Jio Platforms is in talks with global telecom and cable firms including Comcast and Charter to licence its unlicensed band radio technology in exchange for possible equity stakes. Talks with South Africa's MTN fell through.
Jio's ₹13 lakh crore debut knocks Airtel off the telecom perch
Jio Platforms listed at ₹1,358 on Wednesday, a 21.36% premium to its ₹1,119 issue price, and closed at ₹1,417.50. Its ₹13.05 lakh crore market value makes it India's second-most valuable company and pushes Bharti Airtel to third. The ₹30,213 crore IPO was subscribed 22.19 times.
Jio's Rs 30,213-crore IPO sold out in 100 minutes, smashes India's share-sale record
Reliance's Jio Platforms IPO of Rs 30,213 crore was fully subscribed within 100 minutes of opening on Wednesday, making it India's largest-ever share sale. It overtakes Hyundai Motor India's Rs 27,870-crore issue of 2024. The price band is Rs 1,065-1,119; the issue closes on October 23 and lists on October 28.