Mukesh Ambani’s Reliance Jio in talks to offload individual investor stakes by 8% in upcoming IPO: Report
Billionaire Mukesh Ambani’s Reliance Jio Platforms has held discussions with 13 prominent foreign investors to pare about 8% of their individual stakes as part of its upcoming Mumbai listing, according to a Reuters report.
The news agency reported that Jio Platforms, home to the world’s second-largest telecom operator by subscribers after China Mobile, is likely to file its IPO papers as early as this week.
The investor base includes major global names such as Meta, which holds a 9.99% stake, and Google with 7.73%, along with Vista Equity Partners and KKR. Sovereign wealth funds from the Gulf, including the Public Investment Fund, Mubadala and the Abu Dhabi Investment Authority, are also among the shareholders.
