Social media giant Facebook has picked up a 9.99 per cent stake in Reliance Industries’ Jio Platforms at Rs 43,574 crore ($5.7 billion) making it the largest FDI for minority investment in India.
In a post, Facebook founder Mark Zuckerberg said with the investment the two companies were “committing to work together on some major projects that will open up commerce opportunities for people across India.
INFORM YOUR OPINION
- https://indianexpress.com/article/explained/what-the-jio-deal-means-for-reliance-facebook-6374686/
- https://indianexpress.com/article/explained/boost-for-small-sellers-beyond-chats-on-whatsapp-what-facebook-jio-deal-could-mean-for-india-6373877/
- https://www.hindustantimes.com/editorials/the-significance-of-the-jio-facebook-deal-ht-editorial/story-8RiZxuAKUmUQ9u7NflHYhK.html
