Meta, Google eye ₹1 lakh cr paper gains from Jio's ₹30,213-cr IPO

Meta and Google could be sitting on nearly ₹1 lakh crore in combined paper gains from their Jio Platforms investments as the Reliance Industries-backed company prepares to launch ₹30,213-crore IPO next week, Livemint reported. Meta owns a 9.99% stake through Jaadhu Holdings LLC, while Google International LLC holds 7.73%. Neither existing shareholder, however, is selling shares through the IPO.