Reliance Industries shares gain 3% as JIO IPO inches closer; Jefferies increases weight in conglomerate ↗
Reliance Industries is preparing for the IPO of Jio Platforms scheduled to launch on October 21. The valuation of Jio Platforms is reported at Rs 11 lakh crore, making it highly anticipated. The public issue is expected to attract significant attention as it opens for subscription. Jefferies has raised its weight on Reliance Industries due to attractive valuations amid improving conditions.
2 sources
- The Economic Times Stocks · 6 Oct, 16:56 IST
- The Economic Times Markets · 6 Oct, 16:56 IST
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