Mukesh Ambani beats Jack Ma as Asia’s richest person after the deal with Facebook
Facebook is investing ₹43,574 crores for a 9.99% stake on a fully diluted basis in Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd (RIL). This was the social media giant’s biggest deal since 2014 when it took WhatsApp. The deal sent RIL’s shares surging, and in Wednesday’s trade, they obtained about 10%. Facebook’s $5.7…