Jio Platforms IPO Cleared by Sebi, Aims for Rs 37,700 Crore
By Business Desk
Jio Platforms gets Sebi nod for its IPO, targeting a massive Rs 37,700 crore raise. Company valuation expected at Rs 9.5 lakh crore with major investors retaining stakes.
Jio Platforms just secured approval from the Securities and Exchange Board of India (Sebi) for its Initial Public Offering. This move targets a massive raise of around Rs 37,700 crore, positioning Reliance Industries’ digital arm for one of India’s largest public market debuts.
Key IPO Figures
- Projected IPO Raise: Rs 37,700 crore
- Expected Company Valuation: Rs 9.5 lakh crore
A core aspect of this offering involves several prominent global investors maintaining their existing stakes in Jio Platforms. These significant holdings underscore continued confidence in the digital services company’s future.
Major Investors Retaining Stakes
- Meta affiliate Jaadhu Holdings: Largest shareholder with 9.98% (892.3 million shares)
- Google International LLC: Second-largest with 7.73% (690.9 million shares)
- Saudi Arabia’s Public Investment Fund: 2.31%
- KKR-backed Omicron Asia Holdings II: 2.31%
- Vista Equity Partners-backed VEPF VII AIV I: 2.31%
- Singapore-based SLP Redwood Holdings: 1.88%
- Mubadala’s MIC Redwood 1 RSC: 1.85%
- General Atlantic Singapore JP: 1.34%
- Abu Dhabi Investment Authority-backed Platinum Jasmine A 2018 Trust: 1.16%
- TPG-managed India Markets Pte: 0.93%
The upcoming IPO brings one of India’s most anticipated listings closer to market, with its projected valuation solidifying Jio Platforms’ position. This offering confirms the sustained involvement of key global players in its future growth.