Mumbai, June 22 -- Reliance Industries will continue to remain the controlling shareholder of Jio Platforms with a 66.43% stake. As of 31 March 2026, Reliance Industries held 593.78 crore shares in Jio Platforms.

According to the DRHP, up to 50% of the issue size will be allocated to qualified institutional buyers, while at least 35% will be reserved for retail investors. The DRHP provides for separate reservation portions for eligible Reliance Industries shareholders and employees, although the size of these reservations has not yet been disclosed.

The issue proceeds will be used primarily for the prepayment or repayment of certain borrowings of Reliance Jio Infocomm (RJIL), the company's material subsidiary, and for general corporate ...