In the midst of the Corona lockdown, the biggest corporate news is the Facebook Jio contract.
The deal between Mukesh Ambani, chairman of Reliance Industries, and Mark Zuckerberg, founder of Facebook, is India’s largest FDI deal and introduce the Reliance Jio Business Franchise.
Reliance Jio Invests in Facebook – April 2020
During Corona LockDown Time, Facebook invests in the Reliance Jio business. For Rs 50 crore, Facebook purchased a 9.9% stake in Reliance Jio.
The agreement was made public on Wednesday, April 22nd, 2020. This is a win-win situation for both Facebook and Dependency Jio.
Reliance Jio Business Franchise Model
|Investment||Rs. 3 crores|
|Area Required||300 sq. ft.|
|Franchise Fee||Rs. 10 lakhs|
Also Read: Waffle Hut Franchise
What Are the Consequences of the Facebook Jio Deal?
The Deal’s Greatest Impact Mukesh Ambani is now Asia’s wealthiest person. He outperforms Alibaba CEO Jack Ma.
It also helps in the recovery of his debts. Following Facebook’s investment in Reliance Jio, there is a positive mood in the stock market.
This is to inform you that the deal is not with the entire Reliance Party, but rather with all Jio Platforms. Jio Money, Jio TV, JIo App, and others are examples.
Whatsapp had planned to introduce WhatsApp Pay in India, but it was unable to do so due to legal issues.
Now that Jio has invested, it is anticipated that they will share space with Jio Capital.
FAQs (Frequently Asked Questions)
What is the franchise fee of the Reliance Jio business franchise?
Rs.10 Lakhs is the franchise fee.
What is the investment of the Reliance Jio business franchise?
The investment to Reliance Jio franchise is Rs.3 Crores.