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Saudi Arabia's PIF picks up 2.3% stake in Reliance Jio for Rs 11,367 cr

This is the 10th investment in Reliance Jio in nine weeks

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Reliance Jio | KKR | Facebook

BS Web Team 



I-T dept reverses stance on NCLAT's proposed demerger order of Reliance Jio

announced a 2.3 per cent equity stake sale to Saudi Arabia's sovereign wealth fund Public Investment Fund for Rs 11,367 crore. The company said that this investment will further help Jio in building a technology growth platform for consumers. With this investment by PIF, has raised Rs 1.15 trillion (Rs 115,693.95 crore) through partnerships with global investors in nine weeks.

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First Published: Thu, June 18 2020. 16:54 IST

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