Facebook to buy minority stake in Jio Platforms for $5.7 bn

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Facebook to buy minority stake in Jio Platforms for $5.7 bn
New Delhi, Apr 22 () Facebook on Wednesday announced an investment of USD 5.7 billion (Rs 43,574 crore) for acquiring a minority stake in Jio Platforms Ltd as it looks to expand presence in its largest market in terms of subscriber base. "Today, we are announcing a USD 5.7 billion, or Rs 43,574 crore, investment in Jio Platforms Limited, part of Reliance Industries Limited, making Facebook its largest minority shareholder," the company said in a statement. ANZ RAM
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