# Reliance Jio Platforms has pivoted to a pure fundraising for its planned Mumbai listing.

*business · news · 2026-05-11 · CNBC TV18*

## Key points

- Jio Platforms will now raise funds by selling a 2.5% stake in its Mumbai IPO.
- Earlier IPO plans for existing investors to exit have been dropped due to investor reluctance.
- Foreign investors were asked to sell 8% of their stakes but chose to stay invested.
- Jio's IPO strategy has shifted from an offer-for-sale to a pure fundraising approach.

**Companies:** Meta, Alphabet, Reliance Jio Platforms, Vista Equity Partners
**Countries:** India, United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/mukesh-ambani-jio-platforms-ipo-pivots-to-pure-fundraising-no-investor-exits-report-say-ws-el-19902924.htm)

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