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Wireless

Saudi wealth fund buys stake in Jio for almost EUR 1.3 bln

Thursday 18 June 2020 | 14:10 CET | News
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF) has bought a 2.32 percent stake in Indian operator Jio Platforms for INR 113.67 billion (almost EUR 1.3 billion). This means the company has raised INR 1.157 trillion since 22 April, with investments from TPG, L Catterton, Facebook, Silver Lake, ista Equity Partners, General Atlantic, KKR, Mubadala and Adia. 

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Categories: Mobile & Wireless
Companies: Reliance Jio
Countries: India
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