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The Economic Times

Veer Sharma

Reliance Industries shares gain 3% as Jio files DRHP for India’s largest IPO

Reliance Reliance Industries Jio Mukesh Ambani IPO India New Energy AGM Jio Platforms RCPL

Shares of Reliance Industries gained 2.8% to their day's high of Rs 1,345 on the BSE on Monday after Jio Platforms filed its DRHP with Sebi for India’s largest initial public offer (IPO). Billionaire Mukesh Ambani-led Reliance Industries remains firmly in control with a 66.43% stake in the company.

Speaking at the company’s 49th Annual General Meeting (AGM) on Friday, Ambani said the IPO will unlock great value for Reliance Industries (RIL) shareholders and offer an attractive investment opportunity to others.

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