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Shares of the Indian telecom giant surged nearly 27% on their first trading day, bringing its valuation close to established Western telecom leaders.
The record-setting listing propelled parent company Reliance past Tata Group as India's most valuable corporate conglomerate.
The subsidiary of Reliance Industries has scheduled its shares to debut on Indian stock exchanges following a successful public offering.
The telecommunications and digital giant's massive public offering is set to finalize its share allocation following unprecedented global interest.
The massive public offering reached a subscription of 7.01 times as demand from qualified institutional buyers surged ahead of the close.
The multi-billion-dollar share sale reached full subscription within hours of opening, boosting the Indian rupee to a six-week high.
Reliance Industries' mega public offering drew massive institutional interest and crossed the full subscription mark within hours of opening.