Reliance wants investors to sell 8% stakes in Jio IPO: Report

Reliance's Jio Platforms held talks ‌with 13 marquee foreign investors to offload 8% of individual stakes in an upcoming IPO of the telecoms arm, Reuters reported. Notable investors on the list include Meta (9.99% stake) and Google (7.73%), followed by Vista Equity Partners and KKR. IPO is being structured as an offer-for-sale with total stake sale of 2.5% to 3%.