Facebook to buy 10% stake in Reliance Jio for $5.7 billion

[ChinnaBhasha]

The deal will help the Reliance Industries cut debt that has piled up in its expensive push to secure top spot for its Jio Infocomm telecom business.

WhatsApp is trying to secure approval to roll out its digital payment service in India, which will see it compete in a crowded market with the likes of Google Pay and Paytm. The approval to expand beyond the beta launch hasn't come through yet, a Facebook spokesman said.

 

Inkem mari, approval ochinatte ankunta iga.

[ChinnaBhasha]

Reliance Industries, controlled by billionaire Mukesh Ambani, is also set to sell a fifth of its oil and chemical refining business to Saudi Aramco for roughly $15 billion, and a stake in its telecom tower assets to Canadian private equity firm Brookfield Asset Management for over $3 billon.

 

This is news, why selling oil business?

[aragorn]

soon e ambani koda bankrupt avuthadu emo; modi is saving him for now. 

 

but thats  cheap though 5.7 B for 10%

[Kool_SRG]

18 minutes ago, ChinnaBhasha said:

Reliance Industries, controlled by billionaire Mukesh Ambani, is also set to sell a fifth of its oil and chemical refining business to Saudi Aramco for roughly $15 billion, and a stake in its telecom tower assets to Canadian private equity firm Brookfield Asset Management for over $3 billon.

 

This is news, why selling oil business?

Ee deal current scenario lo complicate avuddhi.. 

[Hydrockers]

So reliance jio valuation 57 B S ?

Wtf

[sri_india]

monna oka 10 FB stocks konnaa .... kanisam naaku okka mata kuda cheppakundanee naa paisalu teesukapoyi India laaa invest chesindaaa ..... eee sari India ki poyinappudu ambhani gadini Jio Sim free gaa ivamanali 

[argadorn]

Ambanu thatha market up ayyaka politics play chesthadu 

[ChinnaBhasha]

8 minutes ago, aragorn said:

soon e ambani koda bankrupt avuthadu emo; modi is saving him for now. 

 

but thats  cheap though 5.7 B for 10%

fraudulent practices saving him anpistundi

[kevinUsa]

Reliance jio has a debt of 3l Cr 

If this company goes bankrupt India will slip into recession

These fuckers are now a big liability to India .

 

[kevinUsa]

1 minute ago, ChinnaBhasha said:

fraudulent practices saving him anpistundi

All the books of reliance are cooked up.

[argadorn]

11 minutes ago, aragorn said:

soon e ambani koda bankrupt avuthadu emo; modi is saving him for now. 

 

but thats  cheap though 5.7 B for 10%

Kadu le ...kodiga time undhi .... He not like his brother anil ... Veediki govt full support undhi .. Congress and bjp... Vadu bayapadadu

[Hydrockers]

2 minutes ago, kevinUsa said:

Reliance jio has a debt of 3l Cr 

If this company goes bankrupt India will slip into recession

These fuckers are now a big liability to India .

 

Reliance group or only jio ?

[kevinUsa]

Just now, Hydrockers said:

Reliance group or only jio ?

Only Jio ki 40bn$ debt

[ChinnaBhasha]

1 minute ago, kevinUsa said:

Only Jio ki 40bn$ debt

yes.. 65bn is total valuation and 40bn debt in that

[kevinUsa]

5 minutes ago, ChinnaBhasha said:

yes.. 65bn is total valuation and 40bn debt in that

That's cooked up valuation