Relkiance Jio

Facebook Buys 9.9% Stakes in Reliance Jio with Rs 43574 Crores

The partnership between Facebook and Jio 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. The investment values Jio Platforms amongst the top 5 listed companies in India by market capitalization, within just three and a half years of launch of commercial services, validating Reliance Industries’ capability in incubating and building disruptive next-generation businesses, while delivering market defining shareholder value.