Key Takeaways from #JioFacebook deal:
1. RIL owns 100% stake in Jio Platforms, which in turn own 100% stake in Jio Infocomm.
2. RIL sells 9.9% stake in Jio Platforms to Facebook through issuance of fresh equity for Rs 43,574 crore.
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3. Deal values Jio Platforms at Rs 4.62 lakh crore. It becomes 5th largest firm in India in terms of valuation, only after parent RIL, @TCS, @HDFC_Bank and @HUL_News .

4. Money will go to Jio and is expected to help it in retiring its existing debt.

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5. @reliancejio will use Rs 25,000 crore to repay its debt, and rest for further expansion.

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