Jio IPO: Meta, Google among 10 global investors that backed billionaire Mukesh Ambani’s digital giant

Jio Platforms is preparing for an IPO consisting entirely of a fresh issue of 27 crore shares with no offer-for-sale, meaning existing global backers like Meta (9.98%) and Google (7.73%) are not diluting their stakes. Reliance Industries will retain 66.43% control, and the company plans to use around Rs 27,500 crore of the proceeds to prepay borrowings at its telecom subsidiary, with the balance for general corporate purposes. For FY26, Jio Platforms reported a consolidated net profit of Rs 30,064 crore on revenue of nearly Rs 1.47 lakh crore, holding a 49.95% share of India's wireless broadband market.