Meta-, Google-Backed Jio Platforms to Sell 270 Million Shares in India IPO

05:00 AM EDT, 10/15/2026 (MT Newswires) -- Meta Platforms-backed (META) Jio Platforms filed its red herring prospectus for an initial public offering of up to 270 million shares priced at 1,065 Indian rupees ($11.20) to 1,119 rupees apiece, Jio parent Reliance Industries said Wednesday. The anchor investor bidding date is Monday, while the IPO will open for subscription from Oct. 21 through Oct. 23, according to a filing. At the top of the price range, Jio would be valued at roughly $108 billion, news outlets reported. Reliance owns more than 66% of Jio, while Meta and Alphabet (GOOG, GOOGL) unit Google hold stakes of nearly 10% and 7.7%, respectively, CNBC reported.