Jio IPO could turn Meta’s Rs 43,574-crore bet into a Rs 1.2 lakh crore holding
The proposed listing of Jio Platforms is set to deliver massive gains for some of the world’s largest technology companies, sovereign wealth funds and private equity investors that backed the company during its landmark fund-raising exercise in 2020.
Based on the Draft Red Herring Prospectus (DRHP), Jio plans to raise about $4 billion (around Rs 36,000 crore) through the issuance of 270 million fresh shares, representing 2.9% of the post-issue equity capital.
