Table of Contents
- 1 Why is Ambani selling stake in Jio?
- 2 Which company buys 9.9 stake in Reliance Jio platform?
- 3 Is FB investment in Jio FDI?
- 4 Why Facebook bought stake in Reliance Jio for 43,574 crore?
- 5 Why did Mark Zuckerberg invest $5 billion in Reliance Jio?
- 6 How will the Jio-Facebook deal benefit RIL and Facebook?
Why is Ambani selling stake in Jio?
Mukesh Ambani-led Reliance Industries Ltd’s (RIL) asset monetisation, which saw the oil-to-telecom major sell 33\% stake in Jio Platforms, should significantly improve the company’s credit quality. According to S&P Global, RIL’s adjusted debt could be less than Rs 1 lakh crore by the end of this financial year.
Which company buys 9.9 stake in Reliance Jio platform?
Facebook
Facebook will acquire 9.9 per cent stake in Jio Platforms announced last month via a new entity — Jaadhu Holdings LLC, as per regulatory documents. In April, Facebook had announced an investment of $ 5.7 billion (Rs 43,574 crore) in Jio Platforms.
Is FB investment in Jio FDI?
Facebook was the first of 10 global entities that are buying a total 24.70\% stake in Jio Platforms for Rs 1.16 lakh crore. These investments, along with Rs 53,124 crore from a rights issue, are helping Mukesh Ambani achieve his aim of making RIL net debt free.
Who owns Jio network?
Jio Platforms
Jio/Parent organizations
How was Jio funded?
Last year, Mukesh Ambani-led Reliance Industries (RIL) raised $20 billion for its digital services arm, Jio Platforms, in the months during the nation-wide lockdown. Its retail business, Reliance Retail Ventures Limited, then went on to raise a staggering $6 billion in growth capital.
Why Facebook bought stake in Reliance Jio for 43,574 crore?
Here’s Why Facebook Bought Stake In Reliance Jio For Rs 43,574 Crore The Jio deal will help reduce RIL’s debt burden while for Facebook it gets a firm foothold in a fast-growing huge market. Home Moneycontrol PRO Markets News
Why did Mark Zuckerberg invest $5 billion in Reliance Jio?
Facebook has invested $5.7 billion for a 9.9\% stake in Mukesh Ambani ’s Reliance Jio which puts the pre-deal valuation at ₹4.4 lakh crore. The reason Mark Zuckerberg ’s investment makes sense is because Jio is likely to be the fastest-growing segment for Reliance in the post-COVID world.
How will the Jio-Facebook deal benefit RIL and Facebook?
The Jio deal will help reduce RIL’s debt burden while for Facebook it gets a firm foothold in a fast-growing huge market. Home Moneycontrol PRO Markets News Portfolio
How much is the value of 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).” The transaction is subject to regulatory and other customary approvals, RIL said.