Reliance Jio IPO Could See Stake Sales by Meta, Google and Global Funds: Report

Reliance Jio Platforms is preparing to file draft papers for an initial public offering (IPO) in Mumbai as early as this week, with existing foreign investors likely to pare small portions of their holdings as part of the listing process, according to a Reuters report by Kane Wu, Aditya Kalra, and Vibhuti Sharma, citing sources familiar with the matter.

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Meta, Google, and Global Funds Likely to Trim Stakes

The company has reportedly held discussions with around 13 marquee global investors—including technology giants, private equity firms, and sovereign wealth funds—to sell approximately 8 percent of their individual stakes. The proposed divestment would collectively translate into about 2.5 percent to 3 percent of Jio Platforms’ total equity being offered to the public, according to the report.

The IPO is expected to be structured as an offer-for-sale (OFS), a common route in Indian listings where existing shareholders offload shares without the company raising fresh capital.

Major investors in Jio Platforms include Meta, with a stake of 9.99 percent, and Google, with 7.73 percent, alongside private equity firms such as Vista Equity Partners and KKR, as well as three Gulf sovereign funds: the Public Investment Fund, Mubadala, and the Abu Dhabi Investment Authority (ADIA).

The stake sale “would be around 8 percent for everyone,” said one of the two sources involved in the IPO process, according to the report. According to sources, the final quantum of stake sale and valuation remain under discussion and could change.