Facebook today announced that it will buy 9.99% equity stake in Jio Platforms Limited, part of Reliance Industries Limited on a fully diluted basis for $5.7 billion or INR 43,574 crore, making Facebook its largest minority shareholder, 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. Continue reading “Facebook buys 9.99% stake in Reliance Jio for Rs. 43,574 crore”