June 18, 2020 / 11:00 AM / 25 days ago

Saudi wealth fund to invest $1.49 bln in India's Jio Platforms

BENGALURU, June 18 (Reuters) - Saudi Arabia’s Public Investment Fund will invest 113.67 billion rupees ($1.49 billion) in Reliance Industries Ltd’s Jio Platforms, the Indian oil-to-telecoms conglomerate said on Thursday.

The Saudi sovereign wealth funds' investment will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis, Reliance said in a statement bit.ly/3hCckn3. ($1 = 76.0680 Indian rupees) (Reporting by Philip George in Bengaluru; Editing by Vinay Dwivedi)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below