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via rediff.comCapital Markets

Jio Platforms IPO launches with price band of ₹1,065-1,119 per share

FROM THE WIRE · REDIFF.COM

Jio Platforms, the digital arm of Reliance Industries Ltd (RIL), is launching its initial public offering (IPO) with a price band of ₹1,065-1,119 a share, aiming to make RIL a net-debt-free company and create long-term shareholder value.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralThe listing of a Reliance unit, a major Indian group, can move the local equity market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Jio Platforms, the digital arm of Reliance Industries, launches its IPO.
  2. 02The price band is ₹1,065-1,119 per share.
  3. 03The offering aims to make Reliance a net-debt-free company.

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