Reliance shares climb 2.7% as Jio Platforms IPO achieves full subscription within minutes
RIL shares gained as Jio Platforms' IPO attracted investor interest at a faster pace than previous major public issues.
Reliance Industries Ltd (RIL) shares rose 2.7 percent in intraday trading on Wednesday as the Rs 30,213-crore initial public offering (IPO) of its digital arm, Jio Platforms Ltd, was fully subscribed within minutes of opening, setting a record for the fastest subscription of a public issue. RIL shares climbed to a high of Rs 1,234.30 per share on the NSE, up 2.68 percent. The stock later pared some gains and was trading at Rs 1,207.90, up 0.5 percent, at around 1.30 pm.
