Reliance sells 2.32% stake in Jio to Saudi wealth fund PIF for Rs 11,367 cr

Saudi Arabia’s PIF, one of the world’s largest sovereign wealth funds, will invest Rs 11,367 crore for 2.32 percent of Jio Platforms, a historic eleventh investment in the Reliance Industries (RIL) digital unit in nine weeks.
Now shed 24.7 percent stake in Jio and raised Rs 115,693.95 crore from some of the world’s top technology investors.
Facebook, General Atlantic, Silver Lake (twice), Vista Equity Partners, KKR, Mubadala Investment Company and ADIA, TPG and L Catterton have queued up for investments in Jio.