Reliance Industries shares rise 3% as Jio sets price band for possibly biggest-ever issue. What shareholders must know

Reliance Industries shares rose 3% after Jio Platforms announced its initial public offering (IPO), comprising 27 crore new shares anticipated to garner Rs 30,213 crore. With 35% of shares earmarked for retail investors and a cut-off date of October 14 for current shareholders, Jio Platforms aims to enhance its foothold in consumer tech and digital infrastructure sectors.