Reliancebacked Jio Platforms IPO: ₹1 lakh crore gains for Meta, Google in ₹30,213 cr issue by Mukesh Ambani firm?

Jio Platforms INR 30,213 crore IPO, the largest-ever Indian equity offering and entirely a fresh issue, values Meta 10% and Google 7.73% stakes at roughly 129% gains. Because neither shareholder is selling, the event delivers no immediate cash or float to Meta or Google. The deal could lift Indian equity sentiment and reinforce Reliance conglomerate status, but near-term impact on Meta shares is likely marginal.