Here's the stated objective of Facebook's $5.7 Bn - 9.99% investment into Reliance Jio

In a massive development, Facebook on Wednesday anunced an investment of USD 5.7 billion (Rs 43,574 crore) for acquiring a 9.99% mirity stake in Jio Platforms. 

investment of Rs 43,574 crore by Facebook into Jio Platforms is largest investment for a mirity stake by a techlogy company anywhere in world and largest FDI in techlogy sector in India, as per Reliance statement. Facebook’s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis. investment values Jio Platforms amongst top 5 listed companies in India by market capitalization, within three and a half years of launch of commercial services, at about $65 Billion.

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partnership between Reliance Industries Limited's (RIL) Jio Platforms and Facebook aims to enable new opportunities for businesses of all sizes, but especially for small businesses across India and create new and exciting digital ecosystems that will empower, enrich and uplift lives of all 1.3 billion Indians."

A statement by Reliance said, "Jio Platforms, a wholly-owned subsidiary of Reliance Industries Limited, is a next-generation techlogy company building a Digital Society for India by bringing toger Jio’s leing digital apps, digital ecosystems and India’s #1 high-speed connectivity platform under one umbrella. Reliance Jio Infocomm Limited, which provides connectivity platform to over 388 million subscribers, will continue to be a wholly-owned subsidiary of Jio Platforms."

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JioMart to take Kirana shops onboard

"Jio’s vision is to enable a Digital India for 1.3 billion Indians and Indian businesses, especially small merchants, micro-businesses and farmers. Jio has brought transformational changes in Indian digital services and propelled India on path towards becoming a global techlogy leer and among leing digital ecomies in world," statement ded.

Concurrent with investment, Jio Platforms, Reliance Retail and WhatsApp (Facebook entity) have also entered into a commercial partnership agreement to furr accelerate Reliance Retail’s New Commerce business on JioMart platform using WhatsApp and to support small businesses on WhatsApp. JioMart is taking onboard millions of small merchants including small scale Kirana shops to empower m to reach Indian consumers.