Mukesh Ambani's Reliance Jio Platforms has pivoted ‌to a pure fundraising for its planned ‌Mumbai listing, selling a 2.5% stake in the offering and dropping ​earlier plans that would have allowed some shareholders to exit, two sources said. Indian billionaire Ambani's Jio Platforms, which owns the world's second-largest telecom company by users after China ‌Mobile, counts Meta, ⁠Alphabet's Google and Vista Equity Partners among its investors. The firm earlier held discussions ​with its ​foreign investors for each ​to sell 8% of ‌their individual holdings in the IPO, Reuters previously reported.