Business Standard

Tuesday, December 24, 2024 | 11:19 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Jio Platforms receives investment of Rs 43,574 cr from Jaadhu Holdings (WOS of Facebook)

Image

Capital Market
Reliance Industries announced that on receipt of all requisite approvals, Jio Platforms, a subsidiary of the company, on 07 July 2020 has received the subscription amount of Rs 43,574 Crore from Jaadhu Holdings, LLC (a wholly owned subsidiary of Facebook Inc). Jio Platforms has allotted equity shares to Jaadhu Holdings following which Jaadhu Holdings holds 9.99% of the fully diluted equity share capital of Jio Platforms.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 08 2020 | 10:27 AM IST

Explore News