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Reliance and Airtel Rally on Jio IPO Pricing

Reliance Industries and Bharti Airtel shares rose after Jio Platforms announced its IPO price band. The listing values the telecom unit at up to $108 billion and establishes a key benchmark for the sector.

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FILE PHOTO: Mukesh Ambani, Chairman of Reliance Industries, speaks during a book launch event at Bombay Stock Exchange in Mumbai, India, September 10, 2026. REUTERS/Indranil Aditya/File Photo

RELIANCE INDUSTRIES LIMITED shares rose 3.44% on Thursday afternoon in India following the IPO pricing of its telecom unit Jio Platforms. The $3.2B public offering values the carrier at up to $108B.
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