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The Jio Platforms share sale closes later on Friday after being 5.4 times subscribed at the end of day 2. Institutions bid heavily; retail was at 1.55 times. Allotment is due on Monday, refunds and share credit on Tuesday, and listing is planned for Wednesday.
Prateek Rawat4 min
You're all caught up.
Jio Platforms' share sale of about Rs 30,200 crore was 5.2 times subscribed by 5 pm on Thursday, with institutions far ahead of retail investors. The issue closes on Friday, with allotment on Monday and listing planned for 28 October.
Subhash Gupta3 min
Indian shares fell on Thursday as crude oil climbed to about $112 after a drone strike near a Saudi oilfield. The Sensex lost 460 points and the Nifty 124, and 13 of 16 sectoral indices ended lower. eMudhra fell 20% and Nestle India dropped on food safety notices.
Prateek Rawat4 min
