Jio Platforms, billionaire Mukesh Ambani’s Indian telecom and digital services unit backed by Meta and Google, surged 21% in its stock market debut on Wednesday after raising $3.2 billion in India’s largest and most subscribed IPO, which attracted more than $77 billion in investor bids. The shares opened at ₹1,358 (about $14) apiece, up from their IPO price of ₹1,119 (around $12). That valued Jio at around ₹12.5 trillion (around $131.9 billion), making it India’s second-most v…
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