Story preview
Topics in this story
Continue reading on the publisher site for the full article.
Read on publisher →TradingView
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
6
in the last 3 days
First reported
3 days ago
5 outlets since
Countries
5 other outlets reported this story in the last 3 days.
Context from Wikipedia on the organisations, people and places in this story.
Indian multinational conglomerate
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 88th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports.
More on Wikipedia ↗The stock was held by 682 mutual fund schemes. The total market value was Rs 1.63 lakh crore and mutual funds had 137 crore shares of RIL. Reliance Industries
Reliance stock has slipped 5% in five sessions as investors weigh Jio’s profitability, high valuations and weak refining and petrochem margins ahead of the IPO.
Reliance Jio has reserved up to Rs 2,500 crore worth of shares for eligible Reliance Industries shareholders in its upcoming IPO. The quota offers RIL investors a direct route to apply for Jio Platforms shares. The IPO opens on October 21, with anchor investor bidding starting October 19.