In total, the top 10 non-promoter shareholders hold 2,84,43,20,720 shares in Jio Platforms, worth Rs 3.18 lakh crore and accounting for 31.8 per cent of its pre-IPO stake, data compiled by Business Today from the telecom giant's red herring prospectus (RHP) showed.
Jaadhu Holdings, an affiliate of Meta Platforms (erstwhile Facebook), held 8,92,275,913 shares, or 9.98 per cent of the pre-issue paid-up equity share capital in Jio Platforms as of the RHP date. This stake would be worth Rs 99,845 crore at the upper end of the price band of Rs 1,065-1,119 per equity share. Jio IPO, at the offer price, commands market capitalisation of Rs 10.3 lakh crore.
Meta initially made investments in Jio by acquiring 5,54,938,340 shares on July 7, 2020 at Rs 488.34 apiece. By December 2020, Google had converted its compulsorily convertible preference shares (CCPS), with a face value of Rs 10 each, issued through a private placement. At the upper end of the IPO price band, its investment translates into a notional return of 129 per cent.
Google International LLC owned 6,90,854,775 shares, or a 7.73 per cent stake in Jio Platforms, valued at Rs 77,306 crore at the upper end of the price band. Google was issued shares at Rs 488.34 apiece on November 23, 2020.
The Public Investment Fund, a sovereign wealth fund of the Kingdom of Saudi Arabia, owned 2,06,931,899 Jio Platforms shares of face value Rs 10 each. The 2.31 per cent stake is valued at Rs 23,155 crore. PIF made its investment on July 10, 2020, at Rs 549.31 apiece. Its value on investments in notional terms has jumped 104 per cent since.
Omicron Asia Holdings II Pte Ltd, an indirect subsidiary of KKR & Co, and VEPF VII AIV I Ltd, an affiliate of Vista Equity Partners Management, also held 2,06,931,899 shares, or a 2.31 per cent stake each in Jio Platforms, valued at a combined Rs 46,310 crore. It made its investments on July 13, 2020.
An affiliate of Silver Lake, SLP Redwood Holdings, held 168,489,206 shares, or a 1.88 per cent stake valued at Rs 18,853 crore.
Abu Dhabi Investment Authority (ADIA), through Platinum Jasmine A 2018 Trust, held 103,465,950 shares, or a 1.16 per cent stake worth Rs 11,577 crore.
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