Business Today
5 godz. temu
Jio IPO: Meta's ₹43,573 crore bet could yield ₹56,272 crore on paper, but what about dollar returns?
Meta's ₹43,573-crore investment in Jio Platforms could be worth ₹99,846 crore at the IPO price of ₹1,119 per share, implying a paper gain of 129.1%. But how much of this gain would translate into dollar returns after accounting for changes in the rupee-dollar exchange rate?