 "Mukesh Ambani")
Three leading West Asian sovereign wealth funds are in advanced talks to invest in Reliance Industries Ltd.’s digital arm, Bloomberg News reported quoting unnamed sources.
Abu Dhabi’s Mubadala Investment Co. is slated to invest about $1 billion into Jio Platforms Ltd. and an announcement could come as soon as this week, said the news agency, following similar reports last week. Reliance, backed by India’s richest man Mukesh Ambani, is also in discussions with Abu Dhabi Investment Authority and Saudi Arabia’s The Public Investment Fund.
Jio Platforms, which houses music and movie apps as well a Reliance's telecommunication
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