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Experts' Take: What the $5.7 billion Reliance Jio-Facebook deal means

Updated : April 22, 2020 03:33 PM IST

Reliance Industries on Wednesday announced that social media giant Facebook will invest Rs 43,574 crore ($5.7 billion) in its subsidiary Jio Platforms for a 9.99 percent stake.

The investment makes Facebook the largest minority shareholder in Jio Platforms and values the RIL technology arm at Rs 4.62 lakh crore ($66 billion) pre-money enterprise value.

Also read: Facebook to invest Rs 43,574 crore in Reliance  Jio Platform for 10 percent stake

In an interview with CNBC-TV18, SP Tulsian of sptulsian.com, Rajiv Sharma of SBICAP Securities and Nitin Soni of Fitch Ratings discussed the details and impact of the deal.

 

Disclaimer: Reliance Industries, the promoter of Reliance Jio, also controls Network18 which owns CNBC-TV18.
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