Reliance Jio and Facebook Deal: Why FB investing Rs 43,574 crore?

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Reliance Jio-Facebook Deal

Investing in Jio is one of the best investment options for every company. In the future, we are going to see more investment in Reliance. Like Facebook is all set to invest in Reliance Industries Limited (RIL), Jio Platforms. From a few weeks, we are getting news regarding Facebook investment in Jio. Finally, on Wednesday the announcement of signing the agreements to bind for an investment of Rs 43,574 crore by Facebook was made. With this Reliance Jio and Facebook deal, Facebook becomes a shareholder with a 9.99% stake.

This investment of $5.7 Billion in Jio platforms by Facebook, will help to fulfill the dream of ‘Digital India’ Mission. Also, this will help to improve the economy of India. Already our economy is struggling due to the COVID-19 pandemic.

After this deal, Mr. Mukesh Ambani again becomes Asia’s richest man. This Reliance Jio and Facebook deal was announced on April 22. Also, if we look at the real-time ranking, the chairman of RIL is the 17th richest person in the world. Even Facebook become the largest minority shareholder with this deal.

Why Facebook is investing in Reliance Jio?

I know this question is hitting in your mind that “why Reliance Jio and Facebook deal is happening?”.

The real motive is not clearly known. But it seems that in 2019 Microsoft signed a deal for 10-year with Reliance. Now in 2020, Mark Zucker Berg is interested to invest in Jio. According to Facebook, their “One focus for the deal with Jio is to create new ways for people and businesses to operate more smoothly and effectively in the growing digital economy”.

Also Read: How to register on JioMart?

Also, when distributors (Kirana stores) come on the “JioMart” ecosystem, it would be able to start the product supply chain. At the same time, WhatsApp could offer payment services for JioMart.  In such a case, JioMart does the B2B (business-to-business), while Whatapp takes care of B2C (business-to-consumer).

But one thing is sure that with this Jio-Facebook deal India will grow economically and digital. As well as startups, also going to receive wonderful opportunities. Both the Jio and Facebook will get benefits from this partnership.

Investing in Jio is one of the best investment option for every company. In future we are going to see more investment in Reliance.

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