Facebook, the world's largest social media company, has announced an investment of Rs 43.474 crore (€5.7 billion) for a 9.99% stake in Reliance Jio Platforms, a subsidiary of Reliance Industries, the most popular company. from India. The company is the largest telecommunications operator in the country with more than 370 million subscribers. This Facebook investment puts Jio platforms at 4,62 lakh crore in pre-silver enterprise value (€65.95 billion, assuming a conversion rate of ₹70 per US dollar). Facebook's investment will result in a 9,99% stake in Jio Platforms on a fully diluted basis, making Facebook the largest minority shareholder in India's telecommunication network. Facebook partners with Jio Platforms - we are making a financial investment and more importantly we are committed to working together on some important projects that will open up business opportunities for people across India," CEO Mark Zuckerberg wrote in his Facebook page. Stating that the investment reflects its "commitment to India," Facebook said in a statement that it "would now focus on working with Jio to create new ways for people and businesses to operate more efficiently in the marketplace." 'growing digital economy'. "India is home to the largest communities on Facebook and WhatsApp, and many talented entrepreneurs. The country is in the midst of a huge digital transformation and organizations like Jio have played a major role in bringing hundreds of millions of Indian small businesses online," Zuckerberg said. Commenting on the partnership with Facebook, Mukesh Ambani, Chairman and CEO of Reliance Industries Ltd, said it was an opportunity to grow and transform India's digital ecosystem for the benefit of all Indians. "India is home to some of the most successful Facebook communities on WhatsApp, Facebook and Instagram. The partnership between Facebook and Jio is unprecedented in many ways. It is the largest investment for a minority stake in a technology company in the world and the largest FDI in the technology sector in India. The investment places Jio Platforms among the top 5 listed companies in India in terms of market capitalization, just three and a half years after the launch of merchant services. WhatsApp has 400 million users in India, reaching almost 80% of smartphone users in India. “While communities around the world are stagnant, many of these entrepreneurs (small and medium) need digital tools they can trust to find and communicate with customers and grow their businesses. It's something we can help with, and that's why we're partnering with Jio to help people and businesses in India create new opportunities, Zuckerberg said. Jio Platforms, a wholly owned subsidiary of Reliance Industries Limited, is a next-generation technology company that is building a digital partnership for India by bringing together key digital applications, digital ecosystems, and Jio's broadband connectivity platform under one umbrella. the ceiling.