June 24th, 2020 8:43 PM 1 COMMENTS

CCI Approves The Facebook and Jio Investment Deal Worth $5.7 Billion

Reliance Jio has gone debt free courtesy of all the investments it got in the past few weeks. It has raised more than $20 billion recently. Amongst all of the investments, the only one which was in the radar of CCI was the Facebook one. Facebook was the first company which invested $5.7 billion in Jio Platforms Limited. Facebook hasn’t invested much in India for the last eight years or... Read More

June 4th, 2020 9:32 AM 0 COMMENTS

Reliance Jio and Facebook Deal Pushes Towards CCI Approval

Back in April, Instant messaging platform giant Facebook acquired a 9.99 % stake in Jio platforms by investing Rs 43,574 crore. The investment by Facebook was the largest foreign direct investment (FDI) in the tech sector of India. Since the deal is one of the biggest deals in the sector, CCI was planning to inspect the entire deal to ensure that the merger is fair and monopoly is not created... Read More

May 1st, 2020 10:47 AM 0 COMMENTS

Facebook-Jio Deal Will Give Better Shopping Experience to Users: Mark Zuckerberg

Facebook recently added Reliance Jio as a friend by investing a whopping amount of Rs 43,574 crore for 9.99% stake in Jio platforms. As an effect of the partnership, Reliance JioMart was available in Facebook-owned platform WhatsApp in some parts of Mumbai. The immediate impact of the merger between the companies will significantly help the small businesses in India. Also, the instant-messaging platform giant has promised a better shopping experience... Read More

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Reliance Jio Posts Rs 5583 Crore Net Profit in Q4…

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Reliance Jio Posts Rs 5583 Crore Net Profit in Q4…

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Reliance Jio Posts Rs 5583 Crore Net Profit in Q4…

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