Facebook Buys 9.99% Stake in Reliance Jio for Rs 43,574 Crore

The Quint
The Quint
  • 4 years ago
Social media and tech giant Facebook is investing Rs 43,574 crore for a 9.99 percent stake in India’s oil-retail-telecoms conglomerate Reliance Industries Limited (RIL)-led Jio Platforms – the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the Indian tech sector, according to an RIL statement on Wednesday, 22 April.

Video: RIL

Recommended

8:34
I
Up next
ILFS Tragedy: Save Rs 25 Thousand Crore, Destroy Rs 25 Lakh Crore
The Quint
4:57
India Mobile Congress 2018: 5G, Reliance Jio Smart Home and Indian Startups on Display
The Quint
0:44
IMC 2019: Reliance Jio to Introduce AI Video Bot Soon | The Quint
The Quint
6:31
Facebook-Jio Deal: How Will India's Biggest FDI Impact Amazon, Airtel & Google?
The Quint
4:35
Facebook-Jio Partnership: All You Need To Know
The Quint
8:52
What are the implications of Facebook-JIO deal? Ex-Airtel CEO Analyses
The Quint
6:31
Facebook-Jio Deal: दो जरूरतमंद कंपनियों की जुगलबंदी, समझा रहे हैं संजय पुगलिया।Quint Hindi
The Quint
9:05
2019 Elections Expense Bill: Rs 50,000 Crore, 90% Black Money
The Quint
0:40
Budget 2022 | 'Rs 1,400 Crore To Be Allocated for Solar Projects in FY23': Nirmala Sitharaman
The Quint
1:14
Yeddyurappa, Others Acquitted in Rs 40-Crore Mining Bribery Case
The Quint
5:11
Quint Debates: Should Bengal Government Give Out Rs 28 Crore for Durga Puja?
The Quint
6:50
RBI Comes to Govt's Rescue, Will Transfer Rs 1.76 Lakh Crore | The Quint
The Quint
0:42
Balbir Singh Jakhar Refutes Charges of Paying Rs 6 Crore to Aap for Ticket
The Quint
1:39
Was Offered Rs 1 Crore to Join the BJP: Narendra Patel, Patidar Leader
The Quint
1:44
My Father Paid Arvind Kejriwal Rs 6 crore for a ticket: AAP Candidate's Son
The Quint
1:28
Patanjali pulls out of Rs 6000-crore food processing project in UP
The Quint
1:45
Fadnavis Denies BJP MP Hegde's Rs 40,000 Crore Claim
The Quint
4:26
PM Modi Launches Projects Worth Rs 130 Crore at Uttarakhand’s Kedarnath
The Quint
6:39
Where Did Rs 100 Crore PM-CARES Was Meant to Provide For Vaccine Development Go?
The Quint
2:53
Patanjali Cancels Rs 6,000 Crore Food Processing Park in UP, Slams Yogi Govt | The Quint
The Quint
3:04
Netflix Subscription ಪರಿಚಯಿಸಿದ Jio!
Gizbot Kannada
3:19
Jio लॉन्च कर सकता है सबसे सस्ता 5G Smartphone, सामने आए Features और Price| GoodReturns
Goodreturns
0:50
AIRTEL vs JIO
OutlookIndia
7:04
తెలంగాణ కేబినెట్ కీలక నిర్ణయం..111 జీవో రద్దు || Telangana Cabinet || 111 Jio cancellation || ABN
Abntelugutv
3:12
[HOT] Let's go to level four, Jio! Jio who is competitive in climbing with Haneul,물 건너온 아빠들 230430
MBC Entertainment
3:44
[HOT] Jio remembers the memories with his grandfather, 물 건너온 아빠들 230416
MBC Entertainment

The Quint

0:22
No Proof That Glocal University Students Raised 'Pakistan Zindabad' Slogans
The Quint
3:01
Kareena Kapoor Khan's Unfiltered and Candid Moments
The Quint
2:02
Neither Is This Woman a Child Lifter, Nor Was She Arrested in Delhi's Bawana
The Quint
3:08
Top Desi Moments of the Comedy Star, Jimmy Fallon
The Quint
1:00
2. Havells_LED Moments EP03 -59 Sec-
The Quint
1:00
2.Havells_LED Moments EP02 -59 Sec- Revised (1)
The Quint

Featured channels

More from
HW News Network
More from
OutlookIndia
More from
HW News English
More from
HW News Marathi
More from
Comedy Tadka
More from
Tuk Tuk TV