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    9 May 2020

    Home US Based Company Vista Equity Buys 2.3% Stake In Jio

    US Based Company Vista Equity Buys 2.3% Stake In Jio

    Mukesh Ambani Managing Director Reliance Industries have been successful in cracking a big deal from Texas based company Vista.

    According to reports coming in this is the third transaction in less than a month by Reliance Industries in which texas-based US private company has taken a stake in Jio Industries.

    The Taxas based company will pay Rs.11067 Crore approximately 1.5 billion dollar Reliance Industries for its partnership in Jio.

    This is the third company after Facebook which has a stake in Jio industries.  

    Facebook have 9.9% share in Jio Industries and now US based company Vista will have 2.3 % stake in Jio.

    Reliance Industries have 86.5 4% share in Jio Industries.

    After covid-19 pandemic which has struck the world US companies have become more keen in investing in the Indian companies.

    Reliance Industries have till now gathered  Rs 60.596 crores to raise the depths of Jio Industries which is the patent company of Reliance Industries.
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    Media News 18 provides information, the latest news and current events around India and the world. The purpose of the website is to give all the updates related to national, international happenings as soon as they break besides latest information on wide range of subjects including politics, entertainment, business, sports, health, science and technology, environment, economy etc that concern and interest our readers. Our aim is to bring forward the hidden questions related to these subjects which we cover, to analyse the political, social and economic scenario of the country and abroad honestly and with impunity.

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