{"id":302010,"date":"2026-10-12T12:51:08","date_gmt":"2026-10-12T07:21:08","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=302010"},"modified":"2026-10-12T12:51:08","modified_gmt":"2026-10-12T07:21:08","slug":"who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/","title":{"rendered":"Jio Platforms Shareholders: Who Really Owns Jio? Reliance Holds 66.43%, Meta and Google Own 17.71%, 7 Other Investors Hold Stakes, DRHP Shareholding Table and What the IPO Changes"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Jio Platforms shareholders (DRHP, pre-issue): Reliance 66.43%, Jaadhu Holdings (Meta) 9.98%, Google International 7.73%, 7 others 1.16% to 2.31%. Fresh issue of up to 27 crore shares, no offer for sale. Post-issue Reliance about 64.5% if fully subscribed (my calculation).<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Jio Platforms shareholders include Reliance Industries with 66.43%, Meta&#8217;s affiliate Jaadhu Holdings with 9.98% and Google International with 7.73%, so Reliance does not own 100% of Jio Platforms, according to the draft prospectus. Seven other investors each hold between 1.16% and 2.31%, namely Saudi Arabia&#8217;s Public Investment Fund, KKR, Vista Equity, Silver Lake, Mubadala, General Atlantic and an ADIA-linked trust, and the ten holders at or above 1% together hold about 97.3%. The IPO is a fresh issue of up to 27 crore shares with no offer for sale, so no existing investor is selling, and if the full issue is sold Reliance would fall to about 64.5% (my calculation). These figures are pre-issue and come from the draft prospectus, so the final post-issue pattern, price band and lock-in details will appear in the final prospectus.<\/p>\n<\/p><\/div>\n<p>Jio Platforms is part of the Reliance group, yet Reliance is not the only owner. Global technology firms and sovereign and private funds hold about a third of the company. As the Jio Platforms IPO nears, investors want to know who the Jio Platforms shareholders are and how the listing will change the ownership.<\/p>\n<p>This article lists the Jio Platforms shareholders with their stakes, explains Reliance&#8217;s control, the public holding, the IPO structure, the likely post-issue holdings and the lock-in rules, and marks what is not confirmed.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Jio_Platforms_Shareholders_The_DRHP_Shareholding_Table\" title=\"Jio Platforms Shareholders: The DRHP Shareholding Table\">Jio Platforms Shareholders: The DRHP Shareholding Table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Does_Reliance_Own_100_of_Jio_Platforms_Control_Among_Jio_Platforms_Shareholders\" title=\"Does Reliance Own 100% of Jio Platforms? Control Among Jio Platforms Shareholders\">Does Reliance Own 100% of Jio Platforms? Control Among Jio Platforms Shareholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Public_Shareholding_Among_Jio_Platforms_Shareholders\" title=\"Public Shareholding Among Jio Platforms Shareholders\">Public Shareholding Among Jio Platforms Shareholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#The_IPO_Structure_and_What_It_Changes_for_Jio_Platforms_Shareholders\" title=\"The IPO Structure and What It Changes for Jio Platforms Shareholders\">The IPO Structure and What It Changes for Jio Platforms Shareholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Post-IPO_Holdings_of_Jio_Platforms_Shareholders_An_Illustration\" title=\"Post-IPO Holdings of Jio Platforms Shareholders: An Illustration\">Post-IPO Holdings of Jio Platforms Shareholders: An Illustration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Lock-In_Rules_for_Jio_Platforms_Shareholders_What_to_Check\" title=\"Lock-In Rules for Jio Platforms Shareholders: What to Check\">Lock-In Rules for Jio Platforms Shareholders: What to Check<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Risks_and_Cautions_for_Jio_Platforms_Shareholders_and_New_Investors\" title=\"Risks and Cautions for Jio Platforms Shareholders and New Investors\">Risks and Cautions for Jio Platforms Shareholders and New Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#What_to_Watch_Next_for_Jio_Platforms_Shareholders\" title=\"What to Watch Next for Jio Platforms Shareholders\">What to Watch Next for Jio Platforms Shareholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Who_owns_Jio_Platforms\" title=\"Who owns Jio Platforms?\">Who owns Jio Platforms?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Does_Reliance_own_100_of_Jio_Platforms\" title=\"Does Reliance own 100% of Jio Platforms?\">Does Reliance own 100% of Jio Platforms?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#How_much_do_Meta_and_Google_own_in_Jio_Platforms\" title=\"How much do Meta and Google own in Jio Platforms?\">How much do Meta and Google own in Jio Platforms?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Who_are_the_other_seven_Jio_Platforms_shareholders\" title=\"Who are the other seven Jio Platforms shareholders?\">Who are the other seven Jio Platforms shareholders?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Is_anyone_selling_shares_in_the_Jio_IPO\" title=\"Is anyone selling shares in the Jio IPO?\">Is anyone selling shares in the Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#What_will_Reliances_stake_be_after_the_IPO\" title=\"What will Reliance&#8217;s stake be after the IPO?\">What will Reliance&#8217;s stake be after the IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#What_is_the_lock-in_for_the_promoter\" title=\"What is the lock-in for the promoter?\">What is the lock-in for the promoter?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/who-really-owns-jio-platforms-reliance-meta-google-and-7-others-jio-platforms-shareholders-drhp-data\/#Should_I_invest_in_the_Jio_IPO_based_on_the_shareholder_list\" title=\"Should I invest in the Jio IPO based on the shareholder list?\">Should I invest in the Jio IPO based on the shareholder list?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Jio_Platforms_Shareholders_The_DRHP_Shareholding_Table\"><\/span><strong>Jio Platforms Shareholders: The DRHP Shareholding Table<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Holder<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Shares<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Pre-issue stake<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Who they are<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Industries Limited<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">593.78 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">66.43%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Promoter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jaadhu Holdings, LLC<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">89.23 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9.98%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Affiliate of Meta<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Google International LLC<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">69.09 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7.73%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Google<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Public Investment Fund<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20.69 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.31%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Saudi Arabia&#8217;s sovereign fund<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Omicron Asia Holdings II Pte. Ltd.<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20.69 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.31%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">KKR affiliate<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">VEPF VII AIV I Ltd.<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20.69 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.31%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Vista Equity affiliate<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SLP Redwood Holdings Pte. Ltd.<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">16.85 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.88%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Silver Lake affiliate<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">MIC Redwood 1 RSC Limited<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">16.55 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.85%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mubadala subsidiary<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">General Atlantic Singapore JP Pte. Ltd.<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12.01 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.34%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">General Atlantic<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Platinum Jasmine A 2018 Trust<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">10.35 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.16%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ADIA-linked<\/td>\n<\/tr>\n<\/table>\n<p>The ten Jio Platforms shareholders listed above hold 97.32% of the 893.9 crore pre-issue shares, per the DRHP data. The remaining 2.68% sits with smaller holders, and one report names India Markets Pte. Ltd., managed by TPG, at 0.93%. Percentages are as reported by Angel One, Multibagg and Outlook Business and may be rounded.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for live data on telecom and digital stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Does_Reliance_Own_100_of_Jio_Platforms_Control_Among_Jio_Platforms_Shareholders\"><\/span><strong>Does Reliance Own 100% of Jio Platforms? Control Among Jio Platforms Shareholders<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>No. Reliance holds 66.43% of the voting rights, the same as its equity share, and it is the only shareholder in the promoter category. Fully diluted, its holding is 66.35%, after counting about 1.028 crore outstanding employee options with a Rs 10 exercise price, per Multibagg.<\/p>\n<ol>\n<li>Control: with 66.43%, Reliance has a clear majority and will keep control after the IPO.<\/li>\n<li>Meta and Google: together their affiliates hold 17.71%, the largest non-promoter block among the Jio Platforms shareholders.<\/li>\n<li>Global funds: the seven other Jio Platforms shareholders hold about 13.8% combined (my calculation from the table).<\/li>\n<li>Google&#8217;s entry: Google announced a $4.5 billion investment for about 7.7% in July 2020, per Gulf News.<\/li>\n<\/ol>\n<p>The 13.8% for the seven funds adds 2.31% three times, 1.88%, 1.85%, 1.34% and 1.16%. The exact figure depends on rounding in the DRHP.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Reliance and Jio Platforms IPO updates live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Public_Shareholding_Among_Jio_Platforms_Shareholders\"><\/span><strong>Public Shareholding Among Jio Platforms Shareholders<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Category<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reported detail<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Public (non-promoter) shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 300.1 crore shares, 33.57%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Multibagg, from the DRHP<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total shareholders<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">105<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One source; verify in the prospectus<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Concentration<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Top ten holders at or above 1% hold 97.32%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A small group holds almost all of the equity<\/td>\n<\/tr>\n<\/table>\n<p>Ownership is concentrated. Only about 105 holders are reported before the IPO, so the listing will widen the Jio Platforms shareholders base to retail and institutional investors.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_IPO_Structure_and_What_It_Changes_for_Jio_Platforms_Shareholders\"><\/span><strong>The IPO Structure and What It Changes for Jio Platforms Shareholders<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Status<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue type<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fresh issue of up to 27 crore equity shares, face value Rs 10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">From the DRHP<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Offer for sale<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">None<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">No existing holder is selling in the issue<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Use of proceeds<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Repay certain borrowings of Reliance Jio Infocomm and general corporate purposes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">From the DRHP, per Upstox<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">DRHP filed<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">19 June 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reported<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About $4 billion, nearly Rs 37,700 crore, in one estimate; other reports cite Rs 35,000 crore and Rs 30,000 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not confirmed<\/td>\n<\/tr>\n<\/table>\n<p>Because the issue is fresh and not an offer for sale, the number of shares held by Reliance, Meta, Google and the other Jio Platforms shareholders stays the same, and only their percentages fall as new shares are added.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Post-IPO_Holdings_of_Jio_Platforms_Shareholders_An_Illustration\"><\/span><strong>Post-IPO Holdings of Jio Platforms Shareholders: An Illustration<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Holder<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Pre-issue stake<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">If all 27 crore shares are issued (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Industries<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">66.43%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 64.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jaadhu Holdings (Meta)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9.98%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 9.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Google International<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7.73%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 7.5%<\/td>\n<\/tr>\n<\/table>\n<p>This uses 893.9 crore pre-issue shares plus 27 crore new shares, or about 920.9 crore in total. The final numbers will depend on the issue size, the price and the allotment, and they will appear in the final prospectus.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lock-In_Rules_for_Jio_Platforms_Shareholders_What_to_Check\"><\/span><strong>Lock-In Rules for Jio Platforms Shareholders: What to Check<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Promoter lock-in: 20% of the fully diluted post-issue capital for three years, and the promoter&#8217;s excess holding for one year, per Multibagg.<\/li>\n<li>Pre-IPO Jio Platforms shareholders: check the final prospectus for their lock-in terms, which were not in the sources I reviewed.<\/li>\n<li>Price band, dates and quota: not announced yet, and one site cites tentative dates of 21 to 23 October.<\/li>\n<li>Shareholder category: the DRHP reserves a category for eligible Reliance shareholders with a maximum bid of Rs 2 lakh, and its size is not announced.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Risks_and_Cautions_for_Jio_Platforms_Shareholders_and_New_Investors\"><\/span><strong>Risks and Cautions for Jio Platforms Shareholders and New Investors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Pre-issue data:<\/strong> The table is from the draft prospectus, and holdings can change before listing.<\/p>\n<p><strong>Dilution:<\/strong> Reliance and other Jio Platforms shareholders fall to lower percentages if the full issue is sold.<\/p>\n<p><strong>Source differences:<\/strong> Reports differ on the issue size and on the number of shareholders, so wait for the final prospectus.<\/p>\n<p><strong>Valuation:<\/strong> No confirmed price band or valuation has been announced.<\/p>\n<p><strong>Large supply later:<\/strong> Large Jio Platforms shareholders may sell once their lock-in ends, which can affect the share price.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_Jio_Platforms_Shareholders\"><\/span><strong>What to Watch Next for Jio Platforms Shareholders<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The final prospectus with the price band, dates and quota size.<\/li>\n<li>Post-issue shareholding and lock-in details for pre-IPO investors.<\/li>\n<li>Reliance&#8217;s stake and any change in the group&#8217;s disclosures.<\/li>\n<li>Anchor investor names when the issue opens.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Jio Platforms shareholders are led by Reliance with 66.43%, Meta&#8217;s affiliate with 9.98% and Google with 7.73%, plus seven funds holding 1.16% to 2.31% each, and the Jio Platforms IPO is a fresh issue of up to 27 crore shares. Reliance would hold about 64.5% if the full issue is sold, and the final numbers will come in the final prospectus. Consult a SEBI-registered advisor before making any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Jio_Platforms\"><\/span><strong>Who owns Jio Platforms?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reliance Industries owns 66.43%. Meta&#8217;s affiliate Jaadhu Holdings holds 9.98% and Google International holds 7.73%, with seven other investors holding 1.16% to 2.31% each, per the DRHP.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_Reliance_own_100_of_Jio_Platforms\"><\/span><strong>Does Reliance own 100% of Jio Platforms?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. Reliance holds 66.43% before the IPO, and the other Jio Platforms shareholders hold about 33.57%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_Meta_and_Google_own_in_Jio_Platforms\"><\/span><strong>How much do Meta and Google own in Jio Platforms?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Meta&#8217;s affiliate holds 9.98% and Google International holds 7.73%, together 17.71%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_other_seven_Jio_Platforms_shareholders\"><\/span><strong>Who are the other seven Jio Platforms shareholders?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Saudi Arabia&#8217;s Public Investment Fund, KKR, Vista Equity, Silver Lake, Mubadala, General Atlantic and an ADIA-linked trust, each holding between 1.16% and 2.31%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_anyone_selling_shares_in_the_Jio_IPO\"><\/span><strong>Is anyone selling shares in the Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. The IPO is a fresh issue of up to 27 crore shares with no offer for sale, per the DRHP.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_will_Reliances_stake_be_after_the_IPO\"><\/span><strong>What will Reliance&#8217;s stake be after the IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About 64.5% if all 27 crore shares are issued (my calculation). The final figure depends on the issue size.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_lock-in_for_the_promoter\"><\/span><strong>What is the lock-in for the promoter?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 20% of the fully diluted post-issue capital for three years and the excess for one year, per Multibagg. Check the final prospectus.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_invest_in_the_Jio_IPO_based_on_the_shareholder_list\"><\/span><strong>Should I invest in the Jio IPO based on the shareholder list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. Ownership is only one factor. Consult a SEBI-registered financial advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Who owns Jio Platforms?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reliance Industries owns 66.43%. Meta's affiliate Jaadhu Holdings holds 9.98% and Google International holds 7.73%, with seven other investors holding 1.16% to 2.31% each, per the DRHP.\"}},{\"@type\":\"Question\",\"name\":\"Does Reliance own 100% of Jio Platforms?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. Reliance holds 66.43% before the IPO, and the other Jio Platforms shareholders hold about 33.57%.\"}},{\"@type\":\"Question\",\"name\":\"How much do Meta and Google own in Jio Platforms?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Meta's affiliate holds 9.98% and Google International holds 7.73%, together 17.71%.\"}},{\"@type\":\"Question\",\"name\":\"Who are the other seven Jio Platforms shareholders?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Saudi Arabia's Public Investment Fund, KKR, Vista Equity, Silver Lake, Mubadala, General Atlantic and an ADIA-linked trust, each holding between 1.16% and 2.31%.\"}},{\"@type\":\"Question\",\"name\":\"Is anyone selling shares in the Jio IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. The IPO is a fresh issue of up to 27 crore shares with no offer for sale, per the DRHP.\"}},{\"@type\":\"Question\",\"name\":\"What will Reliance's stake be after the IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About 64.5% if all 27 crore shares are issued (my calculation). The final figure depends on the issue size.\"}},{\"@type\":\"Question\",\"name\":\"What is the lock-in for the promoter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"20% of the fully diluted post-issue capital for three years and the excess for one year, per Multibagg. Check the final prospectus.\"}},{\"@type\":\"Question\",\"name\":\"Should I invest in the Jio IPO based on the shareholder list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. Ownership is only one factor. Consult a SEBI-registered financial advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jio Platforms shareholders per the DRHP: Reliance 66.43%, Meta affiliate 9.98%, Google 7.73% and seven others. See the table and what the IPO changes.<\/p>\n","protected":false},"author":36,"featured_media":302009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[11311,8347,11309,11310,11312,4352],"class_list":["post-302010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-drhp","tag-jio-platforms-ipo","tag-jio-platforms-shareholders","tag-jio-shareholding","tag-meta-google-jio","tag-reliance-industries"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["302009"],"rank_math_title":["Jio Platforms Shareholders: Who Owns Jio? Reliance, Meta, Google"],"rank_math_description":["Jio Platforms shareholders per the DRHP: Reliance 66.43%, Meta affiliate 9.98%, Google 7.73% and 7 others. See the full table, what the IPO changes and key checks."],"rank_math_focus_keyword":["Jio Platforms shareholders"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/jio-platforms-shareholders-who-really-owns-jio-reliance-holds-66-43-meta-and.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/302010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=302010"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/302010\/revisions"}],"predecessor-version":[{"id":302011,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/302010\/revisions\/302011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/302009"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=302010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=302010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=302010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}