Jio accepts FB friend request, sells 10% stake

Social media giant Facebook has agreed to invest $5.7 billion or Rs 43,574 cr for a 9.99% stake in Jio Platforms, a unit of Reliance Industries (RIL). Mark Zuckerberg said they plan on projects which will open up commerce opportunities across India. The transaction, which is among the largest FDI deals in India’s tech sector, will help RIL cut its $43 billion debt.

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