SAM, AZB, Hogan, Davis Polk lead on Facebook 43,574 crores investment in Jio Platforms

SAM, AZB, Hogan, Davis Polk lead on Facebook 43,574 crores investment in Jio Platforms
Relaince Jio, Facebook

US social media major Facebook is investing Rs. 43,574 crore (USD 5.7 billion) into Jio Platforms, a unit of Reliance Industries for a 9.99% stake.

The investment will value Jio Platforms - a digital apps platform - at Rs 4.62 lakh crore.

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