IPO: Who really owns Jio Platforms? Reliance doesn't own 100%; Meta, Google, 7 others are major shareholders | DRHP data
Reliance Industries is in focus in an ipo & listings development.
· LiveMint Markets
Reliance Jio IPO: However, it is from the house of conglomerate of Billionaire business tycoon Mukesh Dhirubhai Ambani-led Reliance Industries Limited (RIL) but Reliance is not the 100% owner of Jio Platforms. Jio has shareholders like social media giant Meta, IT giant Google and others.
The analysis
Reliance Industries reported movement of 100%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.0% on the day at ₹1,158.70, and has returned -11.4% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -2.9% over the same period, so Reliance Industries is running 8.5 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
In this story
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