A note on the Facebook-Jio investment

Last week I wrote about Reliance Jio and Facebook, from the point of view of what is in it for each player, if a transaction goes through. If you haven’t read that, I suggest you do to get context.

Earlier this morning the transaction was announced. From Jio’s media release: 

Reliance Industries Limited, Jio Platforms Limited and Facebook Inc today announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value ($65.95 billion), assuming a conversion rate of …


Ashish K. Mishra

Ashish is the editor-in-chief of The Morning Context. One of the best-known business feature writers in India, he was selected for Germany’s Robert Bosch Stiftung Fellowship in 2012 and received the Mumbai Press Club RedInk certificate of recognition in 2015 for his story “Inside the Network 18 takeover”. Before joining The Morning Context, Ashish co-founded The Ken, where he was managing editor. His previous writing stints include Mint, Forbes India and The Economic Times.