Jackpot awaits Jio's marquee investors

MARQUEE INVESTORS IN Jio Platforms (JPL) are set for a windfall as the Reliance Industries (RIL) subsidiary prepares to go public in the first half of 2026. Analysts estimate the company could command a valuation of ₹10-12 lakh crore compared with ₹4.62 lakh crore in 2020.

- URVI MALVANIA

The listing of the country's largest digital services company, which also houses Reliance Jio Infocomm, will be one of India's biggest stock market events in recent years.

In 2020, JPL embarked on a fund-raising spree that fetched it ₹1.5 lakh crore capital and brought on board big tech names like Meta, Google, and global investors like KKR, and Saudi Arabia's Public Investment Fund (PIF).

All these investors stand to double their investments if they decide to offload their stakes in the company.

In 2020, Meta Platforms invested ₹43,574 crore to acquire a 9.99% stake in JPL, a move that underpinned the company's ambitions in e-commerce and digital payments. Soon after, Google committed ₹33,737 crore for a 7.73% stake, tying the partnership to the launch of affordable smartphones built on Android.

ALONGSIDE THESE TECH majors, US PE firm KKR invested ₹11,367 crore for a 2.32% stake, while Saudi Arabia's Public Investment Fund (PIF) injected ₹11,367 crore for 2.32%.