Abu Dhabi Investment Authority & Saudi Arabia’s Public Investment Fund has an eye on stakes in Reliance Retail, the Financial Times reports says, citing people familiar with the matter ADIA $750 million investment Saudi Arabia’s PIF may $1.5 billion Mubadala might invest.
In a statement earlier Reliance Industries chairman Mukesh Ambani said, “I am delighted that ADIA, with its track record of more than four decades of successful long-term value investing across the world, is partnering with Jio Platforms in its mission to take India to digital leadership and generate inclusive growth opportunities.”