Overview
- Reuters, citing unnamed sources, reports the offering will issue new shares equal to about 2.5% of Jio Platforms.
- The earlier plan was an offer-for-sale that would have let existing shareholders sell stock and raised no new cash for the company.
- People familiar with the talks said several big investors chose not to sell, preferring to stay invested for the long term.
- Jio runs the world’s second-largest mobile network by users after China Mobile and counts Meta, Google and Vista Equity Partners as shareholders.
- Jio Platforms has not commented on the reports, and key details such as formal filings and timing have not yet been disclosed.