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

Jio Platforms gets interest from global investors for deal similar to Facebook

After selling a 10% stake in its digital arm Jio Platforms to Facebook, Reliance Industries said it has received additional interest from global investors for a similar-sized stake. The Mukesh Ambani-led conglomerate said that an announcement could be made in coming months.

Following Facebook’s 9.9% stake buy for Rs 43,574 crore, other global investors are making a beeline for similar deals with Jio Platforms, Reliance Industries (RIL) said.

Reliance said, “In addition to the Facebook investment, the Board was informed that RIL has received strong interest from other strategic and financial investors and is in good shape to announce a similar sized investment in the coming months.”

RIL announced its fourth quarter ended March 31, 2020 results on Thursday. The company registered a net profit of Rs 6,348 crore.

Facebook’s investmenet in Jio Platforms put the telecom major in India’s top five companies by market capitalisation within four years of its launch.

“This is the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India,” it had 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 -