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Facebook to invest Rs 43,574 crore in Reliance Industries’ arm

22 Apr 2020 Evaluate

Reliance Industries’ wholly-owned subsidiary--Jio Platforms and Facebook, Inc. have signed binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value ($65.95 billion, assuming a conversion rate of Rs 70 to a US Dollar). Facebook’s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis.

The partnership between Facebook and Jio is unprecedented in many ways. 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. The investment values Jio Platforms amongst the top 5 listed companies in India by market capitalization, within just three and a half years of launch of commercial services, validating Reliance Industries’ capability in incubating and building disruptive next-generation businesses, while delivering market defining shareholder value.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.


Reliance Industries Share Price

1313.85 -7.55 (-0.57%)
07-Jul-2026 12:20 View Price Chart
Peers
Company Name CMP
Reliance Industries 1313.85
Indian Oil Corpn. 142.10
Bharat PetroleumCorp 308.85
HPCL 402.40
MRPL 147.55
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