Billionaire Ambani cries tears of joy as Jio Platforms becomes the second most valued Indian firm

MUMBAI, INDIA - OCTOBER 28: Reliance Industries Chairman Mukesh Ambani (2L), Reliance Foundation Founder-Chairperson Nita Ambani (L), Jio Platforms Ltd. Non-Executive Director Isha Ambani (3L), Reliance Jio Infocomm Ltd. Chairman Akash Ambani (C), Non-Executive Director Anant Ambani (3R), Radhika Merchant (2R), and Kokilaben Dhirubhai Ambani (R) ring the ceremonial listing bell during the stock market debut of Jio Platforms at the NSE exchange hall in Bandra-Kurla Complex (BKC) on October 28, 2026 in Mumbai, India.Hindustan Times | Hindustan Times | Getty ImagesBillionaire Mukesh Ambani has become the owner of the two most valued companies in India, after a stellar listing of Jio Platforms, the country's largest telecom operator and digital services firm.The share of Jio Platforms continued to climb higher on Thursday, opening 3.3% higher a day after its market debut.The Meta- and Google-backed company listed on Wednesday at a premium of over 25% to its IPO price, leading to a market capitalization of 13.05 trillion rupees ($137.1 billion). Ambani's flagship company, Reliance Industries, also the most valued company in India, owns more than a 64% stake in Jio Platforms after the in...