SAUDI ARABIA’S PIF TO INVEST $1.5 BILLION IN RELIANCE JIO PLATFORMS?

Highlights

• Jio Platforms has already raised funds worth Rs 1.04 lakh crore in the time span of just eight weeks

• According to the sources, Saudi Arabia’s PIF will invest $1.5 billion for the stake of 2.33 percent

• After this deal, Reliance Jio Platforms will have diluted 25 percent of its equity

Reliance Industries Limited owned Asia’s richest man Mukesh Dhirubhai Ambani ha....