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Facebook buys stake in Reliance Jio for Rs 43,574 crore

By : admin | 22 Apr 2020 08:42 AM (IST)

Facebook has bought stake in Reliance Jio. The stake is of 9.9 percent and has been bought for a huge payment of Rs 43,574 crores that is $5.7 billion. As per information, the telecom unit of Reliance Industries Limited has given a great deal to Facebook in order for it to have a strong footing. This will also help Reliance to reduce the debt.

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Reliance Industries Limited Reliance Jio Facebook

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