Saudi wealth fund PIF takes stake in Jio Platforms for ₹11,367 crore1 min read . Updated: 18 Jun 2020, 05:10 PM IST
- The latest investment gives Jio Platforms an equity valuation of Rs4.91 trillion and an enterprise value of Rs5.16 trillion
- This takes the total investment by foreign investors in Jio Platforms to Rs1.15 trillion rupees for a 24.71% stake
NEW DELHI: Jio Platforms has signed up Public Investment Fund (PIF) as its tenth foreign investor in just over 8 weeks. The Saudi Arabian sovereign wealth fund will pick up 2.32% stake in the Reliance Industries subsidiary for Rs11,367 crore ($1.5 billion), a release issued by the Mukesh Ambani company said today.
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