Saudi wealth fund said to be exploring an investment in Reliance Jio

Saudi wealth fund said to be exploring an investment in Reliance Jio

REUTERS/Amit Dave

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.

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