BusinessPhoto: Mint MarketsMeta and Google Gain ₹1 Lakh Crore from Jio Platforms IPO
Meta Platforms and Google stand to gain nearly ₹1 lakh crore in paper profits from their stakes in Jio Platforms as the company prepares for India's largest-ever IPO, expected to raise ₹30,213 crore. Meta holds 10% and Google 7.73%, but neither is selling shares in the fresh issue priced up to ₹1,119 per share, reflecting estimated returns of about 129% since 2020.
Mint Markets·


