Facebook $5.7 billion acquisition of 9.9% stake in Reliance Jio

22/4/2020

Public acquisition

Value:

$ 5.7 billion

Status:

Completed

Date:

22/4/2020

Overview:

Social media and technology company Facebook has acquired a 9.9% stake in Indian telecommunications company Reliance Jio for $5.7 billion.
This marks the largest foreign direct investment in an Indian tech company to date.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:

AZB & Partners

Party: Reliance Industries (Seller)

Lawyers: Ashwath Rau, Nilanjana Singh

Shardul Amarchand Mangaldas & Co

Party: Facebook (Acquirer)

Lawyers: Natashaa Shroff, Raghubir Menon

Related deals