Story perspectives

Jio Platforms IPO Targets INR302 Billion as Stakeholders Hold

By Drooid · Oct 15, 2026, 2:31 PM UTC · How we work

Summary

Story summary

Jio Platforms launches its biggest-ever IPO, offering 270 million new shares.
The IPO price band is 1,065 to 1,119 rupees per share.
It seeks to raise up to 302 billion rupees ($3.2 billion).
Reliance Industries retains a 66.4% stake, while Meta holds 9.98% and Google 7.73%.
Proceeds will repay up to 275 billion rupees of borrowings, with the balance for corporate and capital expenditures.

History

Historical Context

Tata Motors entered commercial-vehicle production in 1954 via a Mercedes-Benz joint venture and grew through 2000s deals like the Marcopolo bus JV, enabling its 2007 IPO—the country’s biggest at the time, raising $2.2 billion. That scale set the stage for Jio Platforms’ 2024 IPO, which seeks up to 302 billion rupees and leaves Reliance, Meta and Google as shareholders, underscoring foreign involvement in India’s tech market.

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Story summary

Jio Platforms launches its biggest-ever IPO, offering 270 million new shares.
The IPO price band is 1,065 to 1,119 rupees per share.
It seeks to raise up to 302 billion rupees ($3.2 billion).
Reliance Industries retains a 66.4% stake, while Meta holds 9.98% and Google 7.73%.
Proceeds will repay up to 275 billion rupees of borrowings, with the balance for corporate and capital expenditures.

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