Deals
Saudi Wealth Fund Exploring an Investment in Reliance Jio
- PIF is considering buying minority stake in Jio Platforms
- Any new investment in Jio will add to Ambani’s recent deal run
Photographer: Dhiraj Singh/Bloomberg
This article is for subscribers only.
Saudi Arabia’s $320 billion sovereign wealth fund is exploring a potential investment in Reliance Industries Ltd.’s digital unit, according to people with knowledge of the matter.
The Public Investment Fund is considering purchasing a minority stake in Jio Platforms, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and might not lead to a transaction, the people said.