As per industry sources, two more global players are considering buying stakes in Jio Platforms. This includes US private equity firm General Atlantic and Saudi Arabia’s Public Investment Fund (PIF).
While General Atlantic is planning to invest $850 million to $950 million in Jio Platforms, Saudi Arabia’s PIF is also considering buying a minority stake in the company.
As per recent market reports, the deal could be signed as early as this month. However, no agreement has been finalised and plans may change.