Exclusive | Akash, Isha Ambani take Rs 30,000 crore Jio IPO pitch global; marquee investors seek bigger stake
Jio Platforms’ proposed Rs 30,000 crore IPO is set to be one of India’s biggest public issues, with Akash and Isha Ambani leading global investor outreach. Existing investors, including Meta and Google, are not looking to exit, with some reportedly seeking to raise their stakes as Jio targets a valuation of up to Rs 10.3 lakh crore.
Global and domestic investors are showing significant interest in Jio Platforms Ltd's planned Rs 30,000 crore initial public offering (IPO), according to sources familiar with the matter. The telecom and digital services arm of Reliance Industries, led by billionaire Mukesh Ambani, has completed international roadshows across the Americas, Europe, and Southeast Asia, with Akash Ambani and Isha Ambani personally meeting investors in these regions. The company is being positioned as a technology firm rather than a traditional telecom business.
Jio is currently in the domestic roadshow phase, with major mutual funds and other institutional investors keen on participating in the offering. The strong investor response signals Jio's potential to become India's largest-ever IPO and Reliance Industries' first public offering in three decades. Existing investors include major names such as Meta, Google, Saudi Arabia's Public Investment Fund, KKR, Vista Equity Partners, Silver Lake, Mubadala, General Atlantic, Abu Dhabi Investment Authority, and TPG.
Meta's Jaadhu Holdings holds the largest external stake at 9.98%, followed by Google International with 7.73%.
Notably, none of the current investors plan to sell their shares in the mega IPO, with some seeking to increase their exposure instead. Jio is focusing on retail investors, targeting a price band of Rs 1,065–Rs 1,119 per share, which could generate up to Rs 30,200 crore in revenue if the IPO is fully subscribed. The company plans to price the IPO on October 21 and close it on October 23, with the anchor book opening on October 19 and shares trading from October 28.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
