{"id":37681,"date":"2020-04-22T09:26:52","date_gmt":"2020-04-22T03:56:52","guid":{"rendered":"https:\/\/allgujaratnews.in\/?p=37681"},"modified":"2020-04-22T15:43:48","modified_gmt":"2020-04-22T10:13:48","slug":"facebook-to-invest-rs-43574-crore-in-jio-for-9-99-stake","status":"publish","type":"post","link":"https:\/\/allgujaratnews.in\/en\/facebook-to-invest-rs-43574-crore-in-jio-for-9-99-stake\/","title":{"rendered":"Facebook to Invest Rs.43,574 crore in Jio for 9.99% Stake"},"content":{"rendered":"<p>Largest FDI For Minority Investment In India<\/p>\n<p>Partnership To Create Opportunities For People And Businesses<\/p>\n<p> Mumbai, April 22, 2020:<br \/>\nReliance Industries Limited, Jio Platforms Limited  and Facebook, Inc.today announced the signing of binding agreements for an investment of RS 43,574 crore by Facebook into 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 \u20b9 70 to a US Dollar). Facebook\u2019s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis.<\/p>","protected":false},"excerpt":{"rendered":"<p>Largest FDI For Minority Investment In India Partnership To Create Opportunities For People And Businesses Mumbai, April 22, 2020: Reliance Industries Limited, Jio Platforms Limited and Facebook, Inc.today announced the signing of binding agreements for an investment of RS 43,574 crore by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at RS [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[4368,24,4771,7837],"tags":[806,7857,7860,7859,7858,7854,7856,7853,7855],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_shortlink":"https:\/\/wp.me\/paUKPQ-9NL","_links":{"self":[{"href":"https:\/\/allgujaratnews.in\/en\/wp-json\/wp\/v2\/posts\/37681"}],"collection":[{"href":"https:\/\/allgujaratnews.in\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allgujaratnews.in\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allgujaratnews.in\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/allgujaratnews.in\/en\/wp-json\/wp\/v2\/comments?post=37681"}],"version-history":[{"count":4,"href":"https:\/\/allgujaratnews.in\/en\/wp-json\/wp\/v2\/posts\/37681\/revisions"}],"predecessor-version":[{"id":37716,"href":"https:\/\/allgujaratnews.in\/en\/wp-json\/wp\/v2\/posts\/37681\/revisions\/37716"}],"wp:attachment":[{"href":"https:\/\/allgujaratnews.in\/en\/wp-json\/wp\/v2\/media?parent=37681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allgujaratnews.in\/en\/wp-json\/wp\/v2\/categories?post=37681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allgujaratnews.in\/en\/wp-json\/wp\/v2\/tags?post=37681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}