Facebook to Get 10% Stakes in Jio

Facebook to Invest ₹ 4.62 lakh or $5.6 bn in Reliance Jio

MK Digital Line
Facebook Inc. announced about the agreements for an investment of ₹ 43,574 crore or over $5.66 bn into Reliance's Jio. Facebook’s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis

Reliance Jio Infocomm Limited, which provides connectivity platform to over 388 million subscribers, will be still majorly owned by Reliance With the investment by Facebook, Jio Platforms market capitalization would hike to ₹ 4.62 trillion or $65.95 billion

Mark Zuckerberg posted a message on facebook thanking Mukesh Ambani & Jio team for their partnership

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