Facebook-Jio Deal: Reliance Jio Gets Rs 43,574 Crore Investment From Facebook

Facebook valued Jio Platforms - part of billionaire Mukesh Ambani-led Reliance Industries group - at Rs 4.62 lakh crore. After the deal, Reliance Jio Infocomm will continue to be a wholly-owned subsidiary of Jio Platforms. The partnership assumes a "special significance for India in the wake of the severe disruptions caused by the coronavirus pandemic in the Indian - and the global - economy", Reliance Jio said. In a post-COVID-1...