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Reliance Industries shares climb nearly 3 per cent as Jio Platforms files for IPO
The Hindu··23 Jun
The Hindu reported that RIL stock rallied on June 22 after Jio filed draft papers with SEBI for up to 27 crore fresh shares, a potential Rs 37,700 crore offering valuing the unit at roughly 137 billion dollars.
Prism
What It Means For You
- Jio IPO may offer India's largest public listing opportunity.
- Reliance shareholders saw near 3 per cent stock gains.
- Jio valuation could reach about 137 billion dollars.
What's Happening
- Jio filed DRHP with SEBI on June 19.
- RIL shares rallied on June 22.
- Sensex and Nifty rose on the news.
IPO Details
- Offering may raise Rs 37,700 crore.
- Up to 27 crore fresh shares proposed.
- Ambani outlined AI and satellite plans at AGM.
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