RIL shares zoom over 8 pc after Facebook deal

New Delhi: Shares of Reliance Industries on Wednesday jumped over 8 per cent after Facebook announced an investment of USD 5.7 billion (Rs 43,574 crore) to buy a 10 per cent stake in Jio Platforms. The scrip advanced 8.34 per cent to Rs 1,339.20 on the BSE.

On the NSE, shares of the company zoomed 8.27 per cent to Rs 1,339.70.

It was the top gainer on both the 30-share BSE Sensex and NSE Nifty-50 in morning trade.

The company’s market valuation also jumped by Rs 45,527.62 crore to Rs 8,29,084.62 crore.

Facebook on Wednesday announced an investment of USD 5.7 billion (Rs 43,574 crore) to buy a 10 per cent stake in the firm that houses billionaire Mukesh Ambani’s telecom arm Jio as the social media giant looks to expand presence in its largest market in terms of subscriber base.