Reliance shares rise 3% as Jio Platforms IPO nears launch on October 21

Reliance Industries shares climbed 3% as anticipation builds around the upcoming IPO of its subsidiary Jio Platforms, scheduled to launch on October 21. The public offering is expected to attract significant investor interest.

Jio Platforms has been valued at Rs 11 lakh crore, making it one of the most-awaited listings. Jefferies has increased its weighting on Reliance Industries, citing attractive valuations and improving operational conditions at the conglomerate.