Microsoft may buy 2.5% stake in Jio.-Business Headlines

Microsoft Deal With Reliance Jio

Jio Platform has received an investment of Rs 78562 crores from American companies so far. 

⇛US-based technology company Microsoft Corporation can buy a 2.5 percent stake in Reliance Industry Limited's digital arm Jio Platform Limited. Microsoft is negotiating with RIL for this.
Microsoft is in talks with several industry players about its digital payment service. Talking with Reliance, Microsoft has decided to invest 15 thousand crores in the Jio platform.

⇛In February this year, Microsoft CEO Satya Nadella announced a partnership with Reliance Jio. Under this partnership, Reliance Jio will establish data centers across the country. Microsoft's services will be taken for this.

⇛So far Jio has got an investment of Rs 78562 crores for selling 17.12 percent stake.