Market newsCriticalPositive
Published Mon, 12 Oct, 2026 · 12:16 IST
IPO: Who really owns Jio Platforms? Reliance doesn't own 100%; Meta, Google, 7 others are major shareholders | DRHP data
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AI summary
Jio Platforms Ltd is set to launch India's largest-ever IPO, expected to raise around 37,700 crore rupees (about 3.8 to 4 billion dollars), comprising up to 27 crore fresh equity shares at a price band of 1,065 to 1,119 rupees per share with no offer-for-sale component. Reliance Industries holds 66.43% of the company, while other major shareholders include Meta (9.98%), Google (7.73%), Saudi Arabia's Public Investment Fund (2.31%), KKR (2.31%), Vista Equity Partners (2.31%), Silver Lake (1.88%), Mubadala (1.85%), General Atlantic (1.34%), and ADIA (1.16%). The anchor investor round opens on October 19, with subscription from October 21 to October 23 and listing expected by end-October 2026.