BusinessPhoto: NDTV BusinessJio Platforms IPO Boosts Meta and Google Stakes Over Twofold
Jio Platforms Ltd. is launching a Rs 30,000 crore IPO next Wednesday after SEBI approval. Previously, in 2020, Jio raised Rs 1.52 lakh crore from 13 investors including Meta (via Jaadhu Holdings) and Google International through private placements. Meta acquired over 89 crore shares worth about Rs 43,573 crore, holding nearly 10% stake, second only to Reliance Industries Limited.
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