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After Facebook, Saudi Firm Eye Multi-Billion Dollar Stake in India's Jio Platforms
May 10th, 2020 - 10:30 GMT

After Facebook, Saudi Firm Eye Multi-Billion Dollar Stake in India's Jio Platforms

Saudi Arabia’s $320 billion sovereign wealth fund PIF is exploring a potential investment in Indian business conglomerate Reliance Industries Limited's digital unit, reported Bloomberg, citing people with knowledge of the matter. The PIF is considering purchasing a minority stake in Jio Platforms, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and might not lead to a transaction, they stated. Representatives for ...
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