India fines Reliance for not promptly disclosing 2020 Facebook deal

In April 2020, Meta's Facebook invested $5.7 billion in Reliance's Jio Platforms, aiming to allow WhatsApp to offer payments services to millions of small businesses. The deal helped billionaire Mukesh Ambani's Reliance slash its heavy debt load.

from Tech-Economic Times https://ift.tt/BHEACuL