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Shares of the Indian telecom giant surged nearly 27% on their first trading day, bringing its valuation close to established Western telecom leaders.
The record-setting listing propelled parent company Reliance past Tata Group as India's most valuable corporate conglomerate.
The subsidiary of Reliance Industries has scheduled its shares to debut on Indian stock exchanges following a successful public offering.
Investors await share credits and the upcoming market debut following an unprecedented demand of roughly 7.4 lakh crore rupees.
The telecommunications and digital giant's massive public offering is set to finalize its share allocation following unprecedented global interest.
The massive public offering reached a subscription of 7.01 times as demand from qualified institutional buyers surged ahead of the close.
The massive initial public offering continued to draw heavy demand across all investor categories, led by qualified institutional buyers.