Facebook to buy minority stake in Jio Platforms for $5.7 bn
Apr 22, 2020, 06:34 IST
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
(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)