{"id":527,"date":"2026-05-11T06:50:25","date_gmt":"2026-05-11T06:50:25","guid":{"rendered":"https:\/\/dailypakistannews.com\/?p=527"},"modified":"2026-05-11T06:50:25","modified_gmt":"2026-05-11T06:50:25","slug":"ambanis-jio-platforms-ipo-pivots-to-pure-fundraising-no-investor-exits-sources-say","status":"publish","type":"post","link":"https:\/\/dailypakistannews.com\/?p=527","title":{"rendered":"Ambani&#8217;s Jio Platforms IPO pivots to pure fundraising, no investor exits, sources say"},"content":{"rendered":"<p><strong>MUMBAI: Mukesh Ambani\u2019s Reliance Jio Platforms has pivoted to a pure fundraising for its planned Mumbai listing, selling a 2.5% stake in the offering and dropping earlier plans that would have allowed some shareholders to exit, two sources said.<\/strong><\/p>\n<p>Indian billionaire Ambani\u2019s Jio Platforms, which owns the world\u2019s second-largest telecom company by users after China Mobile, counts Meta, Alphabet\u2019s<\/p>\n<p>Google and Vista Equity Partners among its investors.<\/p>\n<p>\u201cInvestors were not keen to sell and wanted to stay invested for the long term,\u201d one of the sources said.<\/p>\n<p>The firm earlier held discussions with its foreign investors for each to sell 8% of their individual holdings in the IPO, <em>Reuters<\/em> previously reported.<\/p>\n<p>The IPO was earlier set to be an offer-for-sale, meaning no new fundraising was planned and only existing investors would have exited as the company went public.<\/p>\n<p><a href=\"https:\/\/www.brecorder.com\/news\/40412209\/ambanis-reliance-jio-hires-17-banks-for-ipo-will-raise-no-new-funds-sources-say\"><strong>Ambani\u2019s Reliance Jio hires 17 banks for IPO, will raise no new funds, sources say<\/strong><\/a><\/p>\n<p>The Economic Times was first to report on the company\u2019s plans to pivot to a fresh fundraising with the offering on Monday.<\/p>\n<p>The listing is a key plank of Ambani\u2019s long-term vision to transform Reliance from an oil-and-chemicals giant into an \u201ceverything company\u201d spanning consumer, retail and technology.<\/p>\n<p>Jio Platforms did not respond to a <em>Reuters<\/em> request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Mukesh Ambani\u2019s Reliance Jio Platforms has pivoted to a pure fundraising for its planned Mumbai listing, selling a 2.5% stake in the offering and dropping earlier plans that would have allowed some shareholders to exit, two sources said. Indian billionaire Ambani\u2019s Jio Platforms, which owns the world\u2019s second-largest telecom company by users after China [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan-news"],"_links":{"self":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=527"}],"version-history":[{"count":0,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/media\/528"}],"wp:attachment":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}