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

[aragorn]

15 minutes ago, ChinnaBhasha said:

fraudulent practices saving him anpistundi

 

13 minutes ago, kevinUsa said:

All the books of reliance are cooked up.

 

7 minutes ago, ChinnaBhasha said:

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

 

2 minutes ago, kevinUsa said:

That's cooked up valuation

 

i dont believe books of any indian company and their auditors except for tata. 

[aragorn]

13 minutes ago, argadorn said:

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

gujju gujju bhai bhai 

[tom brady]

Very cheap considering they can get back that money in 1-2 election years

[Kool_SRG]

FB-Jio deal: Facebook investment values Jio Platforms at record Rs 4.6 lakh crore; 5th largest in m-cap

American social media giant Facebook Inc will soon sign the binding agreement with Jio Platforms, which will be largest foreign direct investment in the country for a minority stake

 

Facebook-Reliance Jio deal: Social media giant pumps in Rs 43,574 crore in Mukesh Ambani's telco; 10 points

Here are 10 key pointers about Facebook-Jio Platforms deal:

1. The deal values Jio Platforms at  Rs 4.62 lakh crore ($65.95 billion) pre-money enterprise value, agreed at a conversion rate of Rs 70 to a US Dollar.

2. Facebook's investment will translate into a 9.99 per cent equity stake in Jio Platforms on a fully diluted basis.

3. The deal is likely to give boost to RIL's JioMart project. For instance, with JioMart, Jio's small business initiative, and WhatsApp together, customers will be able connect with businesses and ultimately purchase products in a seamless mobile experience.

4. The deal will increase Facebook's penetration in India. In just the past five years, more than 560 million people in India have gained access to the internet. Besides, Jio Platforms has a 388 million user base.

5. The Facebook deal is a centrepiece of cutting RIL's debt. RIL has been seeking strategic partnerships across its businesses while targeting to deleverage its balance sheet. RIL could leverage Facebook's technology expertise. This apart, the deal would aid the company in achieving zero debt status by March 2021.

6. Facebook has 400-plus million Whatsapp users in India. The  social media platform is seeking to launch a payment app in the country. Having a local partner could help it in navigating various regulatory issues, including those related to privacy and local storage.

7.  The synergy between Jio and Facebook will help realise the goal of 'Digital India'. "In the post-corona era, I am confident of India's economic recovery and resurgence in the shortest period of time," Zuckerberg said.

8. "India is home to some of Facebook's most thriving communities on WhatsApp, Facebook and Instagram. Over the years, Facebook has invested in India based on a strong belief in India's entrepreneurial talent and opportunity, to help create meaningful impact for Indians and Indian businesses using their multiple platforms," RIL said in a press release.

9. David Fischer, Chief Revenue Officer at Facebook, and Ajit Mohan, VP and Managing Director of Facebook India, said one example of such collaboration could be to bring together JioMart and WhatsApp that has more than 400 million users in India. "We can enable people to connect with businesses, shop and ultimately purchase products in a seamless mobile experience," they said.

10. This is not the first time Facebook has bought a stake in a company in India. Facebook owns a minority stake in social commerce company Meesho and online education startup Unacademy.

[kevinUsa]

12 minutes ago, aragorn said:

 

 

 

i dont believe books of any indian company and their auditors except for tata. 

Tata is a company with values 

Even l&t is nice company too...

 

[Hydrockers]

RIL Aramco deal fasak aa

[Hydrockers]

Just now, kevinUsa said:

Tata is a company with values 

Even l&t is nice company too...

 

Avunu mari ntr trust bhavan ni free ga kattaru ani talk values tho

[bhaigan]

56 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?

Guessing they cant create anymore wealth, which means no more innovation in Reliance

[Kool_SRG]

1 minute ago, Hydrockers said:

RIL Aramco deal fasak aa

Ippatlo aah deal kastam ani talk...

 

Low crude price, covid-19 may delay RIL-Aramco deal

• As part of the deal with RIL, Saudi Aramco will also supply 500,000 barrels per day of crude oil to RIL's twin refineries in Jamnagar
• RIL had planned to sell 20% stake in its refining and petrochemicals business for $15 bn to Saudi Aramco

[bhaigan]

Just now, kevinUsa said:

Tata is a company with values 

Even l&t is nice company too...

 

TATA is a very good company in terms of values if you keep quality aside

[bhaigan]

36 minutes ago, ChinnaBhasha said:

fraudulent practices saving him anpistundi

Reliance starting nunchi fraudulent practices ae

Covid-19 is perfect stress test to lot of companies like this, looks like they will soon be busted out like bubble

[user789]

veelu matram ee country lo ayina poi biz cheskovachu  for seap labor /profits kosam...malli send back all ech1/ imm1grants back antaru inko side nunchi (not covid but in general) ...back

[Hydrockers]

3 minutes ago, user789 said:

veelu matram ee country lo ayina poi biz cheskovachu  for seap labor /profits kosam...malli send back all ech1/ imm1grants back antaru inko side nunchi (not covid but in general) ...back

Anni billions techi nuvvu kuda business chesuko antaru kaka

[TrollBait]

10 minutes ago, user789 said:

veelu matram ee country lo ayina poi biz cheskovachu  for seap labor /profits kosam...malli send back all ech1/ imm1grants back antaru inko side nunchi (not covid but in general) ...back

stage 1 of realization. lol.

chooddaam ekkada daaka pothaav ani.

[user789]

3 minutes ago, TrollBait said:

stage 1 of realization. lol.

chooddaam ekkada daaka pothaav ani.

realization ?