Current Affairs - International - Discussion

Discussion :: International - Latest Current Affairs (Q.No.334)

334. 

Which company announced the investment of Rs. 43,474 crores in Reliance Jio for 9.99% stake on April 22, 2020, making it the largest Foreign Direct Investment (FDI) in the tech sector?

[A]. Amazon
[B]. Facebook
[C]. Microsoft
[D]. Google

Answer: Option B

Explanation:

Facebook announced the investment of Rs. 43,474 crores in Reliance Jio for 9.99% stake on April 22, 2020, making it the largest Foreign Direct Investment (FDI) in the tech sector. The investment now values Jio platforms at Rs. 4.62 lakh crore. This step will help in achieving the ambitious plan of making India digital.

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