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Facebook to acquire stake in India's Jio Platforms for USD 5.7 bln

Wednesday 22 April 2020 | 08:57 CET | News
Facebook has agreed to invest INR 435.7 billion (approximately USD 5.7 billion) into India's Jio Platforms, the holding company of mobile operator Reliance Jio Infocomm. This investment gives Jio Platforms an enterprise value of INR 4.6 trillion (approximately USD 66 billion). Facebook's investment will translate into a 9.99 percent equity stake in Jio Platforms on a fully diluted basis. 

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Categories: Internet / Mobile & Wireless
Companies: Facebook / Reliance Industries / Reliance Jio
Countries: India
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