Mr. Aamar Deo Singh, Head Advisory, Angel Broking Ltd on Facebook - JIO Deal

"It's a win-win situation for both the partners, as on one hand, it gives Facebook a wider audience with Jio's 388 million client, it helps Reliance pay its debt as well as leverage the reach of Whatsapp, Facebook Chat's service. And with the current global scenario post COVID-19, focus being on digital, it opens up huge business opportunities for both of the giants. It couldn't have come at a more opportune time. And with India slated to have 900 million internet users in a few years, as per a CISCO report, limitless potential opens up. Reliance is already up almost 7% in today's day of trade, clearly indicating that markets have given a thumbs up to this business decision, as it paves the eventual listing of Jio which is in the process to transform itself into a digital services company. On the other hand, Facebook would also gain as it gives it access to huge digital business opportunities in India."

Source : Equity Bulls

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