Billionaire Mukesh Ambani’s Reliance Jio Platforms has shifted its approach to fundraising for its planned listing in Mumbai, abandoning earlier intentions that would have permitted certain shareholders to exit, according to two sources familiar with the matter.
“Given the uncertainty in markets due to the situation in West Asia, investors have chosen to stay invested in the company rather than use the IPO as an exit opportunity,” one of the sources commented.
Jio Platforms, which operates the world’s second-largest telecom company by user count, following China Mobile, has prominent investors including Meta, Google, and Vista Equity Partners.
Published on May 11, 2026.
