Reliance

Facebook's investment will translate into a 9.99 per cent equity stake in Jio Platforms on a fully diluted basis, the statement added.

In a statement issued last week, the Reliance Group had denied any links with Kapoor, his family or entities controlled by them.

MSCI's index of Asia Pacific shares outside Japan gained by 0.46 per cent to reclaim some of its loss on Friday while Japan's Nikkei jumped by 1.11 per cent.

Of the total AGR in the quarter ended September, Jio's share was the largest with 43.8 per cent followed by Vodafone Idea with 40 per cent, Bharti Airtel with 11 per cent and BSNL with 5 per cent.

Reliance Jio Infocomm Ltd (RJIL) rubbishes COAI which claimed an unprecedented crisis after the recent Supreme Court judgement on definition of adjusted gross revenue (AGR).

Jio has been heralding the digital services revolution in India and will continue to do so in the years to come, said Ambani in a statement released late on Friday hinting at making way for the entry of a strategic investor.

Jio will provide additional data entitlement of equivalent value based on IUC top-up voucher consumption. This will ensure no increase in tariff for customers.

Reliance Jio has also entered into a long-term alliance with Microsoft to accelerate digital transformation with the launch of new cloud data centres. Jio will set up a network of large world-class data centres across India powered by Microsoft's Azure cloud platform.

Ambani also took the occasion to inform that the RIL has assumed the responsibility of the families of CRPF personnel killed in Pulwama terror attack in February this year.

Another big announcement at the 42nd annual general meeting (AGM) was Reliance's partnership with Microsoft under which Jio will set up data centres across India and Microsoft will bring the cloud platform.