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.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request