Mukesh Ambani's Reliance Group could soon rank among India's largest companies by market value following the Jio Platforms IPO. The move is expected to give the group nearly 7% of BSE's total market capitalization.
Reliance Industries and Jio Platforms are positioned to become the country's two biggest firms by market capitalization after the listing. This would place them ahead of major banks and telecom operators.
The combined Reliance Group market capitalization is projected to rival leading financial institutions. The development underscores substantial value creation for investors.
Market observers note that the IPO debut highlights Reliance's expanding footprint in telecom, digital media and related sectors.