Saudi Arabia’s PIF to invest $1.49 billion in Reliance Jio

Saudi Arabia’s Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries’ digital unit Jio Platforms for INR₹ 11,367 crore $1.49 billion, the firm said in a statement. The deal with the Saudi sovereign wealth fund means Reliance has now sold 24.7% of Jio Platforms and raised just over $15 billion from investors […]