Jio Platforms opens at Rs 1,358, IPO investors gain 21.36 pc

Mumbai, Oct 28 (UNI) Shares of Jio Platforms made a strong debut on the domestic stock exchanges on Wednesday, opening at Rs 1,358 apiece, Rs 239 above the issue price of Rs 1,119, giving investors who received shares in the public offering an initial return of 21.36 per cent. The market entry places Reliance Industries' digital and telecommunications business in the public domain as a separately listed company, providing investors with an opportunity to track its performance and growth prospects independently. The Rs 30,213-crore initial public offering (IPO) drew an overwhelming response, with subscriptions reaching 22.19 times the shares on…