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Ambani's Jio Platforms IPO pivots to pure fundraising, no investor exits, sources say
YahooMay 11, 2026
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.
