Reliance Industries group company Jio Platforms led by Mukesh Ambani has made a big deal with the world tech company Facebook. With this deal , Mukesh Ambani has once again become the richest person in Asia even during this recession.
In fact, Facebook has bought a 9.99 percent stake in India’s largest telecom company Reliance Jio. For this, Facebook is investing 5.7 billion dollars i.e. 43, 574 crore rupees.
After this deal, Jack Ma, the founder of Alibaba, has once again fallen behind Mukesh Ambani. On Wednesday, Reliance Industries shares rose 9.83 per cent to close at Rs 1359 in the stock market.
Let me tell you, Jack Ma had snatched the title of Richest Asian from Mukesh Ambani. But after the deal between Facebook-Jio on Wednesday, Mukesh Ambani’s wealth has increased by about $ 4 billion, which in turn increased the wealth of Mukesh Ambani to about $ 49 billion.
According to a Bloomberg report, Ambani’s wealth has increased by about $ 3 billion more than Jack Ma due to the stock’s jump after this deal. Earlier on Tuesday, Ambani’s wealth had decreased by $ 14 billion due to the dip in crude oil prices.
Significantly, Facebook has bought a stake of about 10 per cent in Jio, which is the largest FDI in technology in India so far. After Facebook’s investment, the valuation of Jio Platforms will be around 4.75 lakh crore rupees.
Mukesh Ambani, Chairman of Reliance Industries (RIL) has welcomed Facebook in Reliance and has wished that the present partnership will prove to be a long-term partnership. He has said that this agreement with Facebook will fulfill the mission of Digital India. Simultaneously, Facebook penetration in India will increase with this deal.