Reliance Industries and Reliance Retail Ventures have announced that The Public Investment Fund (PIF) will invest ₹ 9,555 crore for an equity stake of 2.04% into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.587 lakh crore. This investment will further strengthen PIF’s presence in India’s […]
Tag: Yasir Al-Rumayyan
Reliance Industries Limited and Jio Platforms Limited, India’s digital services platform, announced an investment of ₹ 11,367 crore by The Public Investment Fund. This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. PIF’s investment will translate into a 2.32% equity stake […]