Jio Files DRHP for ~$4bn IPO; Meta, Google, Saudi PIF on Shareholder Roster
Reliance Jio Platforms has filed its draft prospectus with SEBI for what could be India's largest-ever IPO at ~$4bn (₹37,700 crore). Filing confirms RIL holds 66.43%, Meta 9.98%, Google 7.73%, alongside KKR, Vista, Mubadala, ADIA, PIF and TPG. Entirely fresh issue of 27 crore shares, no OFS.
What happened
Reliance Jio Platforms filed its DRHP with SEBI for what could be India's largest-ever IPO at ~$4bn. Filing reveals shareholder list including Meta (9.98%),
Key facts
- 66.43% RIL stake
- 9.98% Meta stake
- 7.73% Google stake
- 27 crore fresh equity shares
- $4 billion IPO size
- ₹37,700 crore
Why this matters
Jio's DRHP sets a new benchmark for telecom-tech IPO scale in India and validates the strategic-investor-led pre-IPO playbook, raising the bar for any rival digital infrastructure platform contemplating a public listing.