Saudi Arabia’s PIF strikes deal to invest $1.5bln in India’s RIL’s digital unit – ZAWYA

Saudi Arabia’s PIF strikes deal to invest $1.5bln in India’s RIL’s digital unit – ZAWYA

Saudi Arabia's PIF strikes deal to invest $1.5bln in India's RIL's digital unit. Saudi Arabia's PIF, one of the world's largest sovereign wealth funds, will invest INR 11,367 crore ($1.5 billion) for 2.32 percent of India's Reliance Industries (RIL) digital unit, Jio Platforms.. The latest PIF investment is the eleventh investment in the oil-to-retail-to-telecom conglomerate's digital unit in nine weeks.. RIL has now sold up to 24.7 percent in Jio to some of the world's top technology investors, according to the company's notification to the Bombay Stock Exchange..