Global investors in Jio and Reliance Retail may maintain their stakes beyond the initial 5-year horizon.

Reliance Industries’ (RIL) asset-rich subsidiaries, Jio Platforms Ltd (JPL) and Reliance Retail Ventures Ltd (RRVL), are likely to continue with their current investors, including Meta, Google, and private equity investors, after their initial five-year terms end in 2025. These investors are satisfied with the companies’ performance and valuations, expecting further growth and increased valuation with the separation and listing of businesses. As a result, RIL’s chairman, Mukesh Ambani, is considering an IPO of JPL by the end of this year to broaden the investment base. JPL and RRVL have already received significant investments, exceeding ₹2 lakh crore, from global investors, with JPL raising ₹152,056 crore and RRVL raising ₹53,000 crore in 2020-21. RIL has also executed various funding rounds, including a rights issue, stake sales, and investments in tower and optic fibre InvITs.