Jio Platforms files DRHP for $4 Bn IPO; RIL holds 66.43%, Meta and Google retain stakes
Reliance's digital arm filed for a ~$4 Bn fresh-issue IPO with 27 Cr shares on offer. Cap table: RIL 66.43%, Meta 9.98%, Google 7.73%, plus KKR, Vista, ADIA, TPG, PIF, Intel and Qualcomm. Proceeds primarily fund ₹27,500 Cr RJIL debt prepayment. Q4 FY26 net profit rose 13% to ₹7,935 Cr on revenue of ₹38,259 Cr.
Jio Platforms filed DRHP for a ~$4 Bn fresh-issue IPO. Cap table breakdown: RIL 66.43%, Meta 9.98%, Google 7.73%, plus KKR, Vista, ADIA, TPG. Proceeds largely fund RJIL debt prepayment. Relevant to Reliance retail-arm capital flows.
Why this matters
DRHP filing follows brokerage valuation estimates of $115-128 Bn and reports that global backers are locked out of the IPO, setting up one of India's largest listings.
Retail-company signals steady at 3,543 over the last 90 days.
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