Reliance Jio Platforms Engages Global Investors for Upcoming IPO

Reliance Jio Platforms is actively engaging with 13 prominent foreign investors to sell 8% stakes in preparation for its upcoming IPO. The company aims for a valuation between $120 billion and $140 billion, with major players like Meta and Google involved. The IPO is expected to file its draft prospectus soon, pending regulatory approval. This strategic move follows a successful fundraising round in 2020, and brokerage firms are optimistic about Jio's valuation, with estimates reaching as high as $180 billion. Discover more about this significant development in the telecom sector.

By Narendra Chaudhary Mar 25, 2026, 12:34 IST

Strategic Stake Sale Ahead of IPO

Reliance Jio Platforms, led by Mukesh Ambani, is in discussions with 13 prominent international investors regarding the sale of 8% stakes ahead of its anticipated public listing. The company aims for a valuation ranging between $120 billion and $140 billion during this offering, which will include share sales from existing investors such as TPG, KKR, General Atlantic, and Silver Lake. Major investors on the roster include Meta and Google, holding stakes of 9.99% and 7.73% respectively, along with Vista Equity Partners and KKR. Additionally, three sovereign funds from the Gulf region—the Public Investment Fund, Mubadala, and the Abu Dhabi Investment Authority—are also involved, as reported by various sources. The stake sale is expected to represent approximately 8% for each investor, translating to about 2.5% of Reliance Jio's total shares available in the IPO.

Anticipated Mega IPO in the Telecom Sector

The IPO for Reliance Jio Platforms is poised to submit its draft red herring prospectus once the finance ministry approves a proposal from the Securities and Exchange Board of India (Sebi) that would permit a 2.5% public float for large IPOs. In 2020, Jio Platforms successfully raised over ₹1.5 lakh crore from 13 global investors in a swift fundraising effort that resulted in a 33% stake sale. Both Google and Meta have expanded their collaborations with Reliance, moving beyond mere equity investments to engage in long-term partnerships across various digital services, cloud solutions, and devices. Brokerage firms have shown optimism regarding the IPO, with Jefferies recently increasing its valuation estimates for Jio to $180 billion, while Motilal Oswal Financial Services has set its valuation at $148 billion. During a recent earnings call, Anshuman Thakur, head of strategy at Reliance Jio Infocomm, indicated that preparations for the IPO are ongoing, with execution set to commence following regulatory approvals.