Received 'strong interest' from global investors for a Facebook-type deal for Jio Platforms, RIL says

Following Facebook's 9.9% stake buy for Rs 43,574 crore, other global investors are making a beeline for similar deals with Jio Platforms, Reliance Industries (RIL) said.

investment in the coming months."

RIL announced its fourth quarter ended March 31, 2020 results on Thursday. The company registered a net profit of Rs 6,348 crore.

Also Read | Reliance Jio Q4: Net profit at Rs 2,331 crore, up 177% YoY

Facebook's investmenet in Jio Platforms put the telecom major in India's top five companies by market capitalisation within four years of its launch.

"This is the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India," it had said.