Facebook To Buy Minority Stake In Jio Platforms For $5.7 Billion

Fb is now Jio Platforms’ greatest minority shareholder. (Representational)

New Delhi:

Fb on Wednesday introduced an funding of USD 5.7 billion (Rs 43,574 crore) for obtaining a minority stake in Jio Platforms Ltd because it appears to be like to enlarge presence in its greatest marketplace in relation to subscriber base.

“Lately, we’re saying a USD 5.7 billion, or Rs 43,574 crore, funding in Jio Platforms Restricted, a part of Reliance Industries Restricted, making Fb its greatest minority shareholder,” the corporate stated in a commentary.

(Excluding for the headline, this tale has no longer been edited by way of NDTV body of workers and is printed from a syndicated feed.)

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