Ownership record
Who owns Jio Platforms?
Jio Platforms is majority-owned by Mukesh Ambani's Reliance Industries. Meta bought a 9.99% stake for $5.7bn in April 2020, the first of a series of minority investments that also brought in Google and several sovereign funds.
The short answer
- OwnerReliance Industries
- Owner isthe conglomerate controlled by Mukesh Ambani
- Owned since2020
- Previous ownerwholly owned since incorporation
- Reported consideration5,700,000,000 US dollars
- Assetthe digital and telecom arm of Reliance Industries
How the deal was structured
The 2020 funding round raised more than $20bn in total and set the template for foreign capital entering Indian digital infrastructure. Reliance retains control of the board and the operating subsidiaries.
On the money trail board this sits as a 2020 movement of $5.70B between Palo Alto and Mumbai, sourced to Wikipedia. Open the full ledger entry.
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