- Advertisement -
Saturday, April 17, 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.


The Rise Of Gangsta Rap -50 Cent | Unseen Video

Here's the unseen video of 'The Rise Of Gangsta Rap - 50 Cent'. Curtis Jackson, known as 50 Cent, is a hip-hop artist and...

Michael Ballack – The Undisputed Midfield Genius | Unseen Video

Here's the unseen video of The former Chelsea and Germany midfielder Michael Ballack - The Undisputed Midfield Genius. Michael Ballack, (born September 26, 1976, Germany),...

The Magic Of Audrey Hepburn | Behind The Reel Life | Must Watch Video

A hybrid of rare footage of Audrey Hepburn - 'The Magic Of Audrey Hepburn'. Audrey Hepburn was a British actress. Recognized as a film and...

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.


If We Survive, We Will Shoot And Make Our Money But This Lockdown...

With the recent 15 days Janta curfew imposed by the Maharashtra government, citizens are urged not to leave their homes unless it's necessary or...

Rubina Dilaik Felt Truly Special Spending Time With #LGBTQ Community

For over 4 years Rubina Dilaik has been the face of Shakti which highlighted the struggles and lives of the #LGBTQ community, so when...

Madirakshi Visits Her Hometown Bhopal To Celebrate Her Mother’s Birthday!

If there’s one relationship in this mortal life which effortlessly scores above all other known relationships on this Earth, it’s of a mother’s. Our...
- Advertisement -