Jio Platforms shares jump 21% on first day of trading

Jio Platforms shares rose 21% on their first day of trading in India, according to TechCrunch. The $3.2 billion share sale, India's largest, offered only newly created shares. Demand was about 22 times the shares on offer. Shares opened at ₹1,358, against the ₹1,119 price set before trading. Up to ₹275 billion will repay debt at Reliance Jio Infocomm.