Reliance Industries‘ Jio Platforms and Facebook, Inc. announced the signing of agreements for an investment of Rs. 43,574 crore by Facebook into Jio Platforms. Facebook’s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis. This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value. The partnership between Facebook and Jio is unprecedented in many ways. This is the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India.
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Facebook buys a 9.99% stake in Reliance Jio for Rs. 43,574 crore
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