Saudi Arabia, US Firms Eye stakes in Reliance Jio, could get materialize this month itself

Two more firms are eyeing stakes in Jio Platforms, according to Bloomberg News, setting them up to be a part of a growing list of firms that have recently invested in the Mumbai-based company. Private equity firm General Atlantic is considering investing about $850 million to $950 million, where as Saudi Arabia's Public Investment Fund (PIF) thinking of buying a minority stake The deal could be completed as soon as this month, though no agreement has been finalized and plans may change, it added.

Will share more updates, as we get