Saudi wealth fund PIF close to investing $1.5b in India's Jio: Report

Saudi wealth fund PIF close to investing $1.5b in India's Jio: Report

Mukesh Ambani. Photographer: Simon Dawson/Bloomberg

Saudi Arabia’s wealth fund Public Investment Fund (PIF) is close to picking up a 2.33 per cent stake in Mukesh Ambani led Jio Platforms for about $1.5 billion, Gulf News reported on Monday citing an unnamed source.

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