Saudi Arabia’s Public Investment Fund (PIF) is in talks to buy a stake in Reliance Retail, a subsidiary of Indian billionaire Mukesh Ambani’s Reliance Industries, The Financial Times reported citing sources.
The Saudi fund plans to invest about $ 1.5 billion in Reliance Retail, the report said.
According to the data available with Argaam, the PIF announced last June that it has invested nearly $1.5 billion in Jio Platforms, the leading digital company in India, by acquiring a 2.32% stake in the firm.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}