Facebook Invests $5.7 Billion in Indian Internet Giant Jio.
Did Mark Zuckerberg invested in Jio?
Zuckerberg and Ambani were speaking at the Facebook Fuel for India 2020 event. … In April 2020, Facebook, purchased a 9.9 percent stake in RIL’s telecom unit Jio for $5.7 billion (Rs 43,574 crore).
How much is Jio share of Mark Zuckerberg?
Facebook has bought a 9.99 percent stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL).
How much did Mark Zuckerberg invest in Reliance?
In April this year, Facebook picked up a 9.99 per cent stake in Reliance Industries’ Jio Platforms at Rs 43,574 crore ($5.7 billion), which was the largest FDI for minority investment in India. Jio Platforms is a wholly-owned subsidiary of Reliance Industries Limited.
How much did Facebook invest in Jio?
On April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-retail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.
Did Ambani buy Facebook?
Mukesh Ambani gave Google and Facebook a discount on Reliance Jio stake — here’s why. Google’s $4.5 billion cheque and Facebook’s $5.7 billion investment were a cheaper deal than the rest. Both the deals had a different equity valuation for Jio than the other financial investors who also paid a 12.5% premium.
Did Facebook Buy Jio shares?
Facebook buys 9.99% stake in Reliance Jio for Rs 43,574 crore.
Is Jio sold to FB?
Reliance Jio, the telecom unit of Reliance Industries Ltd (RIL), has sold a 9.99 per cent stake to US tech giant Facebook for $5.7 billion, or Rs 43,574 crore, in a deal that puts the pre-money enterpise value of Jio Platforms at Rs 4.62 lakh crore.
What is Reliance Jio and Facebook deal?
In a statement on Wednesday, the Competition Commission of India said it had approved Facebook’s proposed multi-billion-dollar investment in Jio Platforms for a 9.99% stake in the top Indian telecom network. …
How do I register for Jio Mart?
Here are the steps you should follow to become the JioMart Distributor.
- Visit the official website by Clicking Here.
- Then, Click on the “I am interested” button.
- Fill all your personal details such as Name, Firm Name, Email, Address, City, Pincode, and Mobile Number.
- Verify the captcha.
- Click on Submit button.
Why is Google invested in Jio?
Primarily, Google hoped to use its investment in Jio to bring smartphones to more users in India, and it hopes that through this partnership with Jio, which reportedly has about 400 million users, will help its efforts.
How can I invest in Jio?
How to invest in Jio Platforms. Currently, Jio Platforms isn’t listed on any stock exchange. If you want to invest in Jio Platforms, you’d have to invest in Reliance Industries stock. Reliance’s chairman and managing director Mukesh Ambani said that Reliance plans to take Jio public in the future.
What is the share price of Reliance Jio?
NSE 2258.00 -12.25 ( -0.54 %)