New Delhi, Oct. 16 -- Meta Platforms and Google could be sitting on nearly Rs.1 lakh crore in combined paper gains from their investments in Jio Platforms as the Reliance Industries-backed digital services company prepares to launch next week what is set to become country's largest-ever initial public offering (IPO).

Meta Platforms owns a 10% stake through Jaadhu Holdings LLC, while Google International LLC holds a 7.73% stake. However, neither existing shareholder is selling shares through the IPO.

At the upper end of Jio Platforms' IPO price band of Rs.1,119 per share, the two US technology giants could see returns of approximately 129% on their investments made in 2020, according to estimates highlighted in Groww's LinkedIn post on F...