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Jio to Receive $2 Billion Investments from Saudi Arabia; PIF and ADIA

Public Investment Fund (PIF) of Saudi Arabia is in talks with Reliance Industries Limited (RIL) on investing USD 1 billion to purchase a stake in Jio's pan-India fibre assets. Earlier, PIF's rival company Abu Dhabi Investment Authority (ADIA) engaged in talks with RIL to invest USD 1 Billion in the fibre assets. "Saudi Aramco is already negotiating to invest in Reliance refining and petrochemical business," informed long-time Ambani family associate.

Fri, 21 Aug 2020 - 09:19 PM / by Bharat Sharma

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