Jio Platforms jumps 21% after $3bn IPO

Jio Platforms shares rose more than 21 percent on their market debut in India on Wednesday after the company raised more than $3 billion in an initial public offering.

The company opened at 1,358 rupees on the National Stock Exchange, above its 1,119-rupee issue price.

Jio Platforms houses India's biggest wireless operator and is the digital services arm of Mukesh Ambani's Reliance Industries.