Hello everyone trust all
Today I will discuss about mega deal between Reliance Industries Limited and Facebook. Now a days we all say that data as important as oil in our life. Now a days without data is meaningless in our day to day life.
Every member of our family consumes huge number of data everyday.
At present situation when crude oil price at US market has come down to sub-zero the Mega deal between reliance Industries and jio and Facebook the deal of rupees 43,547 crores for 9.99 % stake in jio world's largest strategic investment for minority stake.
What would be benifit of both companies ?
Reliance Ind. cut it's $43 billion dollar debts and as about 4.1 billion dollar is expected to be paid back by jio platforms to Parent Reliance Industries Limited. Facebook deal may keep RIL as way to zero net Dept.
Face Book can access to huge customer base platform jio and India has a maximum faster ever growing user of Facebook WhatsApp and Instagram.
Reliance Industries plans to bring Kiranas closer to us through Whats App.
Despite there are ties between two they will compete each other even though there is mega partnership between two. It will not stop to complete each other in their business and areas where they have independent strategic and operations.
Hope consumer will get benefit out of this deal.
Thanking to all of you see you soon on my next topic bye.
