Reliance Industries shares slip 2% as Jio Platforms lists in India
Reliance Industries stock fell 2% after its subsidiary Jio Platforms listed, with the new shares rising about 21% above their issue price on debut.
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what happened
According to Moody's, shares of Reliance Industries dropped 2% on Wednesday, October 28, as investors turned their attention to the listing of its subsidiary Jio Platforms on Indian exchanges.
The digital services arm, backed by Reliance, had a strong debut. Its shares began trading on the BSE and NSE at 1,358 rupees apiece, a premium of 21.36% over the 1,119 rupee issue price. The listing made Jio Platforms the second most valuable company in India by market capitalisation.
Reliance shares opened at 1,195.50 rupees on the BSE, with an intraday high of 1,204 rupees and a low of 1,175 rupees. The company's market capitalisation stood at 1,592,644.48 crore rupees, roughly 15.9 trillion rupees.
why it matters
For markets, the listing signals that Jio Platforms' valuation is becoming a separate factor for the parent company's share price. The report says more details are still to come.
market impact
Reliance Industries shares: pressure as investors reassess subsidiary Jio Platforms
- Reliance Industries shares pressure down — investor attention shifts toward the newly listed Jio Platforms
tags
instruments
sources
- Reliance Industries shares slip 2% amid Jio Platforms IPO listing | Key RIL targets and levels to watch — Moody's, 28 October 2026 at 08:51 UTC
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