- Advertisement -
Saturday, January 16, 2021
- Advertisement -

RIL says Jio Platforms gets Rs 43,574 crore from Facebook for 9.99% stake

Jio Platforms, the digital unit of Reliance Industries that owns Reliance Jio, has received the subscription amount of ₹43,574 crore from Facebook's wholly-owned subsidiary Jaadhu Holdings for a 9.99% stake. Reliance said the amount was received after all requisite approvals.

Jio Platforms, the parent firm Reliance Jio, has gotten Rs 43,574 crore investment from Facebook for a 9.99 percent stake in the organization, Reliance Industries said in a regulatory filing on Tuesday.

The agreement between Jio Platforms and Facebook was declared on April 22. “We, therefore, illuminate that, after receipt of every single essential endorsement, Jio Platforms Limited, a subsidiary of the company, today got the membership measure of Rs 43,574 crore from Jaadhu Holdings, LLC (a wholly-owned subsidiary of Facebook Inc),” RIL said in the recording. Facebook picked a 9.99 percent stake in Jio Platforms at an endeavor estimation of Rs 4.62 lakh crore.

“Jio Platforms Limited has allocated value offers to Jaadhu Holdings following which Jaadhu Holdings holds 9.99 percent of the completely weakened value share capital of Jio Platforms Limited,” the reports said.

For latest entertainment news, bollywood news, hollywood news, celebrity gossips, latest movie reviews, entertainment news and gossips in hindi - follow Lehren on Facebook, Twitter and Youtube.


Nehha Pendse’ First Day Shoot On The Sets Of Bhabiji Ghar Par Hai

Nehha Pendse (Anita Bhabi) receives a warm welcome by the entire cast and crew of &TV’s Bhabiji Ghar Par Hai on the first day...

Rishi’s Last Film Sharmaji Namkeen Releases On 4th September 2021

After getting diagnosed by cancer in 2018, late Bollywood star Rishi Kapoor breathed his last and left for heavenly abode on 30th April 2020...

Arjun’s Netflix Film Penthouse Is Hindi Remake Of Belgian Film The Loft

Where every Bollywood star is making their digital debut in 2021, joining the likes of Bollywood superstars Hrithik Roshan, Shahid Kapoor, Akshay Kumar, Ajay...
- Advertisement -