Facebook pays $5.8b subscription amount to Jio Platforms

Facebook Inc-owned Jaadhu Holdings LLC has paid the subscription amount of 43,574 crore to Reliance Industries Ltd’s (RIL) digital services subsidiary Jio Platforms Ltd to acquire 9.99% stake in the latter, RIL said in a statement on Tuesday.

“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,” Reliance Industries said in its stock exchange filing.

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