Jio Platforms set the price band for shares sold in its IPO, with the company set to raise a maximum of INR302.1 billion ($3.2 billion) from the float.

In a stock market filing, parent company Reliance Industries announced shares would be priced at between INR1,065 and INR1,119 with 270 million units available. Employees are set to receive a INR54 per share discount.

The latest filing came hours after the publication of a prospectus confirming the offer is scheduled to open on Wednesday 21 October and close two days later. Anchor investors can bid from the start of the week.

Reuters reported if Jio reaches the $108.3 billion valuation the top end would equate to, the company would become India’s fourth largest by market capitalisation behind Reliance Industries, Bharti Airtel and bank HDFC.

It also noted the IPO represented a record offering in the country.

Jio stated in its prospectus the net proceeds are set to be used to pay down debt and for general corporate purposes.

The IPO has been a major media talking point for some time, especially in India. In June 2026 Reuters reported the company was aiming for around $3.8 billion from a sale, a significant drop from how much Bloomberg estimated Jio was targeting from a float during 2025.

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BT Business unveiled a managed security service aimed at increasing protection against AI-enhanced attacks for enterprises and public sector organisations, combining its technology and know-how with that of partner Microsoft.

Announcing the Security Operations Centre-as-a-Service (SOCaaS) product for the Microsoft Sentinel platform, the operator noted the launch was the result of an extended relationship with its partner across AI, security and cloud.

BT added the product combined the tech giant’s “leading security technology” with its scale, security and network operations.

Pointing to the need for beefed-up security in the AI era given accelerated attack timelines, BT positioned the offering as helping customers cut complexity of security operations, control costs and “improve detection, response and resilience”.

BT Business CEO Jon James explained “AI is transforming the cyber threat landscape at unprecedented speed, and our customers need protection that stays one step ahead”.

“By extending our partnership with Microsoft, we’re combining cutting-edge security technology with BT’s cyber expertise and threat intelligence to deliver stronger, more proactive protection”.

The managed service launch is the latest enterprise-focused offering promoted as helping UK organisations battle the ever-increasing tide of cybercrime.

In May, it unveiled what it called industrial-grade security products for small and medium sized businesses using technology from specialist CrowdStrike.  

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