By Aditya Kalra and Vibhuti Sharma

(Reuters) - Mukesh Ambani's Reliance Jio Platforms has pivoted ‌to a pure fundraising for its planned ‌Mumbai listing, selling a 2.5% stake in the offering and dropping ​earlier plans that would have allowed some shareholders to exit, two sources said.

Indian billionaire Ambani's Jio Platforms, which owns the world's second-largest telecom company by users after China ‌Mobile, counts Meta, ⁠Alphabet's Google and Vista Equity Partners among its investors.

"Investors were not keen to sell ⁠and wanted to stay invested for the long term," one of the sources said.

The firm earlier held discussions ​with its ​foreign investors for each ​to sell 8% of ‌their individual holdings in the IPO, Reuters previously reported.

The IPO was earlier set to be an offer-for-sale, meaning no new fundraising was planned and only existing investors would have exited as the company went public.

The Economic ‌Times was first to report ​on the company's plans to ​pivot to a fresh ​fundraising with the offering on Monday.

The ‌listing is a key plank ​of Ambani's long-term ​vision to transform Reliance from an oil-and-chemicals giant into an "everything company" spanning consumer, retail and technology.

Jio ​Platforms did not ‌respond to a Reuters request for comment.

(Reporting by ​Aditya Kalra and Vibhuti Sharma; Editing by ​Sonali Paul and Thomas Derpinghaus)

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