Jio IPO: Meta, Google among 10 global investors that backed billionaire Mukesh Ambani’s digital giant (opens original article in a new tab)

Jio Platforms' IPO features major global investors like Meta and Google, with proceeds used to strengthen the company's balance sheet and fund growth.

• Jio Platforms' IPO includes 27 crore fresh shares with proceeds going to the company, not existing shareholders.
• Global investors like Meta, Google, and Saudi Arabia's PIF hold significant stakes without selling shares in the IPO.
• Jio plans to use IPO funds to prepay borrowings and for general corporate purposes.