Markets · 1 sources covering this

Jio IPO: Meta, Google sit on nearly ₹1 lakh crore paper profit & neither is selling

Meta Platforms and Google are poised to realize significant gains from their Jio investment made in 2020. To bolster its growth, Jio Platforms is moving forward with an initial public offering planned to raise around ₹30,213 crore, achieving a valuation of ₹10.3 lakh crore. Neither Meta nor Google plans to divest shares in this round as existing backers maintain their stakes.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·3h ago
Jio IPO: Meta, Google sit on nearly ₹1 lakh crore paper profit & neither is selling
Meta Platforms and Google are poised to realize significant gains from their Jio investment made in 2020. To bolster its growth, Jio Platforms is moving forward with an initial public offering planned to raise around ₹30,213 crore, achieving a valuation of ₹10.3 lakh crore. Neither Meta nor Google plans to divest shares in this round as existing backers maintain their stakes.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/828632aa0bb5d9b6120bd7f42bf4294051b6b410"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="Jio IPO: Meta, Google sit on nearly ₹1 lakh crore paper profit &amp; neither is selling"></iframe>

Jio IPO: Meta, Google sit on nearly ₹1 lakh crore paper profit & neither is selling

How 1 sources are covering this