Business Standard

SoftBank eyes $2-3 billion investment in Mukesh Ambani's Reliance Jio

According to reports, SoftBank is conducting due diligence for its investment through SoftBank Vision Fund

Premium

Masayoshi Son’s (left) SoftBank is conducting due diligence for its investment as Mukesh Ambani looks to deleverage business by selling stakes

Romita Majumdar
Japan’s SoftBank is looking at buying a $2-3 billion stake in Reliance Jio, Reliance Industries’ telecom subsidiary and the country’s fastest-growing telco.

“For the past two years, our conversations with investors have highlighted the expectations of SoftBank investing in Jio and hence the news flow is not surprising,” wrote Pinakin Parekh, analyst, JP Morgan, in a report to investors. 

Mukesh Ambani-led Reliance Industries Ltd (RIL) is interested in deleveraging its balance sheet, and reports of SoftBank’s Jio investment follow last week’s news that Saudi Aramco is in talks with RIL to pick up to 25 per cent in the latter’s refining and

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 24 2019 | 1:45 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com