So it's confirmed: Facebook has bought 9.9% stake in Jio Platforms Limited, the parent company of Reliance Jio Infocomm Limited, for $5.7 billion (Rs 43,574 crore). This makes Facebook the largest minority shareholder in Jio Platforms, and values Jio Platforms at $65.95 billion (Rs 4.62 lakh crore, pre-money). Reliance Industries had said last quarter, that it had invested about $21 billion (Rs 165,000 crore) in Jio Platforms Limited through Optionally Convertible Preference Shares (OCPS) and Rs 4,961 crore in equity shares. Jio Platforms Limited houses all of Reliance Industries' digital platforms. Facebook's investment in Jio is the single largest investment in India for a minority stake, and to further put things into context, WhatsApp, even then a popular emerging markets messaging company, was valued at $19 billion when Facebook bought it in 2014. The numbers Reliance Jio Infocomm: Over 388…
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