Reliance Industries shares climb nearly 3% as Jio files for IPO
India, June 23 -- Shares of Reliance Industries climbed nearly 3 per cent on Monday after its digital unit Jio Platforms filed draft papers for what could become India's largest-ever initial public offering.
The rally was also bolstered after billionaire Mukesh Ambani unveiled a roadmap for the company's next phase of growth spanning artificial intelligence, satellite broadband, clean energy and consumer businesses at the company's 49th annual general meeting.
The bellwether stock rallied 2.75 per cent to Rs 1,345.45 on the BSE.
At the NSE, the stock edged higher by 2.70 per cent to Rs 1,344.90.
Rally in the blue-chip stock was also instrumental in driving the markets higher. The 30-share BSE Sensex traded 454.36 points higher at 77,2...
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