Reliance Jio announced a 2.3 per cent equity stake sale to Saudi Arabia’s sovereign wealth fund Public Investment Fund for Rs 11,367 crore. The company said that this investment will further help Jio in building a technology growth platform for consumers. With this investment by PIF, Reliance Jio has raised Rs 1.15 trillion (Rs 115,693.95 crore) through partnerships with global investors in nine weeks.
Saudi Arabia’s PIF picks up 2.3% stake in Reliance Jio for Rs 11,367 cr
Date posted: Friday 3 July 2020