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Saudi Arabia’s Public Investment Fund invest Rs.113.7bn in JIO

Saudi Arabia’s Public Investment Fund invest Rs.113.7bn in JIO

Reliance Jio will receive an investment of Rs. ~114bn from Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) for an equity stake of 2.32%, With the latest investment, Jio has raised a total of Rs. 1156.9bn in nine weeks. The recent investors include FB, Silver Lake, Vista Equity Partners, and General Atlantic, among others. Jio now has a total of 10 investors with 24.7% stake.

Milan
Milan
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