43,574 crore big deal in Facebook-Reliance Jio, now 9.99% Facebook stake in Mukesh Ambani's company
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Social media platform Facebook has announced a major investment in Reliance Jio on Wednesday morning. The company has invested $ 5.7 billion (Rs 43,574 crore) in Jio. In this way, Facebook has bought 9.99 percent stake of Reliance Jio. "Today, we announce Facebook's investment of $ 5.7 billion (Rs 43,574 crore) in Reliance Industries' Jio Platform Limited," Reliance Jio said in a statement. After this big deal, Facebook has now become the largest shareholder of Jio. The deal will help Reliance Industries Group reduce its debt burden and strengthen Facebook's position in India. For this, India is also the largest market in terms of user base. Jio Platforms is a wholly owned subsidiary of Reliance Industries Limited (RIL), which provides all types of digital services. Its number of customers is more than 38.8 crore.
