Facebook buying 9.9% stake in Reliance jio
- Ravi krishna
- Apr 23, 2020
- 1 min read
Facebook will invest Rs/- 43,574CR in Reliance jio in tech sector oil sector and also many sectors of Reliance.
Facebook in a statement posted on it's own website and said underscores are commitment to India and our excitement for the dramatic transformation that jio has spurred in the country.
RIL(Reliance industries limited)
Chairmen and managing director sad that contract between jio and Facebook will help the realise prime minister Narendra Modi digital india.
And this contract will help the recover of Indian economy in short period of time.
He said our focus on 60 milion micro 110 milion farmer and 30 milion medium sector business
Hip platform owned by RIL bring together jio digital apps and ecosystem and high speed internet connection
As you know Reliance is being loosing in the Oil sector and also many sectors this partnership will help to recover the loss of Realiance industries.
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