Jio Platforms listed at a 21.36% premium after India’s largest ever IPO and closed its first trading day 26.66% above the issue price, and Inc42’s weekly brief unpacks what the 12.5 lakh crore rupee valuation actually means. The episode traces where the 27,500 crore rupees raised are going and why Jio is now positioning itself as an AI and cloud business rather than a telecom operator.
The rest of the briefing covers Ather posting its first profit, Paytm’s earnings jumping tenfold, and Unacademy’s founders launching a 700 crore rupee AI fund.
