Facebook on Wednesday announced a 9.99% stake in Mukesh Ambani’s company Jio Platforms Limited. Facebook said, “We will invest $ 5.7 billion (₹ 43,574 crores) in Jio and with it, Facebook will become Jio’s largest minority shareholder.” As Reliance, the deal is done at Jio’s ₹ 4.62 lakh crore valuation.
News Source: BussinessToday
