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Reliance Jio In Line To Raise $2 Bn From Abu Dhabi, Saudi Sovereign Funds

Shortpedia

Content Team

United Arab Emirates’ sovereign wealth fund, Abu Dhabi Investment Authority (ADIA), is reportedly in talks to grab a minority stake in Reliance Industries Limited’s digital venture Jio Platforms. While several reports have previously suggested that Abu Dhabi state fund Mubadala Investment Company and Saudi Arabia’s $320 Bn sovereign wealth fund Public Investment Fund (PIF) may also participate in Jio’s fundraising spree.