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The Economic Times

Veer Sharma

Reliance Industries shares gain 3% as JIO IPO inches closer; Jefferies increases weight in conglomerate

Reliance Industries Jio Jefferies Jio Platforms IPO Veer Sharma SEBI

Mukesh Ambani-led Reliance Industries ended 3% higher at Rs 1,219 on the BSE on Thursday as Jio Platforms, India’s most-awaited public issue, moves closer to its market debut. Jio Platforms, the telecom and digital services arm of Reliance Industries, plans to launch its IPO on October 21 at a reported valuation of Rs 11 lakh crore.

Reliance Industries held a 66.43% stake in Jio Platforms as of March 31, 2026. Since the IPO will comprise entirely fresh shares, the listing is not expected to materially change Reliance Industries’ control over Jio Platforms.

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