Suadi Arabia’s wealth fund Public Investment Fund (PIF) is reportedly investing around $1.5 billion in Mukesh Ambani led Reliance Jio for a 2.33% stake. If the latest investment gets through, it will mark the eleventh deal closed by the Reliance Industries’ digital unit in the past weeks.
Gulf News first reported the advanced talks between the two firms.
Jio has been having a ball in the past month and a half.
Continue reading Saudi Arabia’s wealth fund PIF to invest $1.5 Bn in Jio: Report at Entrackr.