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Ambani's Jio surges 21% in Mumbai debut after record $3.2 billion India IPO
Reuters - Jio Platforms (JIOP.NS), opens new tab shares soared 21% in their Mumbai debut on Wednesday, giving India's biggest-ever initial public offering a roaring start and Mukesh Ambani's Reliance Industries its first listing in two decades.
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Summary
The listing furthers Ambani's plan to turn Jio's parent Reliance Industries (RELI. The listing ceremony for Jio was attended by Mukesh Ambani, Akash Ambani, his eldest son, who is Jio's managing director, and his wife Nita Ambani. Ambani's other children Isha and Anant Ambani also attended.
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