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RIL deploys Rs 35,000 crore from Jio stake sales into debt funds

The monies have been deployed into ultra-short and money-market funds, and others focused on debt with an average of three-to-five year maturities

reliance jio, RIL
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Mukesh Ambani’s dealmaking has lured $20 billion from Google to Facebook into Jio, his digital platform

Subhadip Sircar, Divya Patil & Saket Sundria | Bloomberg
Reliance Industries (RIL), the conglomerate owned by Asia's richest man Mukesh Ambani, is plowing billions into Indian debt funds after receiving cash from stake sales and a rights issue, according to people with knowledge of the matter.

The monies have been deployed into ultra-short and money-market funds, and others focused on debt with an average of three-to-five year maturities, according to fund managers who asked not to be identified in discussing investment details.

Ambani’s dealmaking lured about $20 billion of investments from Google to Facebook into his digital platform in recent months, raising much anticipation over his plans for the money. The