Photo: Twitter / Reliancejio
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… read-more
Tags: Reliance Industries, PUBLIC INVESTMENT FUND, JIO FIBRE ASSETS, ABU DHABI INVESTMENT AUTHORITY
Courtesy: Times Of India
