Table of Contents
How much did Mark Zuckerberg invest in Jio?
In April 2020, Facebook purchased a 9.9 percent stake in RIL’s telecom unit Jio for $5.7 billion (Rs 43,574 crore).
Did Zuckerberg buy Jio?
In April this year, Facebook picked up a 9.99 per cent stake in Reliance Industries’ Jio Platforms at Rs 43,574 crore ($5.7 billion), which was the largest FDI for minority investment in India. Jio Platforms is a wholly-owned subsidiary of Reliance Industries Limited.
Jio Platforms
Jio headquarters in Mumbai | |
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Key people | Anant Ambani (Director) |
Products | Telecommunications E-commerce Entertainment Retail |
Owners | Reliance Industries (67.03\%) Strategic investors (18.26\%) Private equity firms (9.38\%) Sovereign wealth funds (5.33\%) |
Parent | Reliance Industries |
What is the value of Jio shares?
NSE 2409.65 -49.30 ( -2.00 \%)
OPEN | 2473.50 |
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52-WEEK LOW | 1830.00 |
MARKET CAP | 1629540.53 |
BUY Price | 2409.65 |
BUY Quantity | 1310.00 |
Is Ambani buy Facebook?
On April 22, the billionaire inked a deal with the world’s biggest social media platform Facebook coming on board to invest Rs 43,574 crore in Jio Platforms, a unit of Reliance Industries, for a 9.99\% stake.
Did Microsoft invest in Jio?
Microsoft, the world’s most valuable company, is reportedly mulling over investing $2 billion in Mukesh Ambani’s Reliance Jio for a 2.5\% stake. The two companies already have a partnership in place with Microsoft’s cloud solution, Azure, hosting Reliance Jio’s data on its servers in India.
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 much money does Mark Zuckerberg make a year?
As CEO at FACEBOOK INC, Mark Zuckerberg made $22,554,543 in total compensation. Of this total $1 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $22,554,542 came from other types of compensation.
How much is Jio worth?
Deven Choksey, the managing director of KR Choksey Shares & Securities told Business Insider, on April 21, that he valued Jio at ₹550 rupees a share when RIL was trading at around ₹1200. Based on a market cap ₹7.8 lakh crore, Jio would be worth ₹3.4 lakh crore by Deven’s estimate.
What does Facebook’s investment in Reliance Jio mean for Reliance Industries?
Facebook announced that it has invested $5.7 billion for a 9.9\% stake in Mukesh Ambani’s Reliance Jio platform — India’s largest telecom player by the number of subscribers — and in early trade, Reliance Industries (RIL) share price jumped up as much as 7.5\% .