Day: May 9, 2020

Saudi, US companies also eyeing stakes in Reliance’s Jio Platforms

Two more companies are claimed to be eyeing stakes in Reliance Jio Platforms, the $sixty five-billion electronic device of Mukesh Ambani-managed Reliance Industries, implies a Bloomberg report. If these discounts materialise, they would insert to a rising checklist of companies that have not too long ago invested in the Indian business.

US non-public fairness business General Atlantic was taking into consideration investing about $850 million to $950 million in the Mumbai-based business, a Bloomberg report claimed, citing people today with awareness of the make a difference.

The offer could be done as shortly as this month, while no agreement experienced been finalised and programs may possibly change, it additional.

Saudi Arabia’s Community Investment Fund (PIF) is also taking into consideration to obtain a minority stake in Jio, Bloomberg claimed in a independent report.

ALSO Read: Vista Equity Associates to spend Rs eleven,367 crore in Jio Platforms

General Atlantic declined to

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