Jio Platforms files DRHP at Rs 10.7 lakh crore valuation; HFCL promoter's Rs 10 bet now worth Rs 5,800 cr
Jio Platforms has filed its DRHP with SEBI for a fresh-issue IPO valued at Rs 10.7 lakh crore, with Rs 27,500 crore earmarked to prepay Reliance Jio Infocomm debt. RIL retains 66.43%, Meta 9.98%, Google 7.73%. HFCL promoter's early Rs 48 crore stake is now valued at Rs 5,800 crore — a near 121x return.
What happened
Jio Platforms filed DRHP with SEBI for a fresh-issue IPO valued at Rs 10.7 lakh crore, using Rs 27,500 crore to prepay Reliance Jio Infocomm debt. RIL holds
Key facts
- 270 million equity shares
- Rs 10.7 lakh crore valuation
- Rs 27,500 crore debt prepayment
- Rs 5,800 crore HFCL stake
- 66.43% RIL stake
- 9.98% Meta stake
- 7.73% Google stake
- Rs 14 lakh crore expected m-cap
Why this matters
Meta and Google's retained ~18% combined stake validates Jio as a strategic digital infrastructure play, raising the bar for partnership and M&A terms across India's connected-commerce stack.