Two other companies are looking for a stake in $65 billion in Reliance Industries Limited’s Jio Platforms digital communications, according to Bloomberg News, making it part of a growing list of companies that have recently invested in the Indian company.
American private equity firm General Atlantic is considering investing about $ 850 million to $ 950 million in a Mumbai-based company, according to a Bloomberg report.
She added that the deal may be completed as early as this month although no agreement has been finalized and plans may change.
Bloomberg said in a separate report that the Public Investment Fund
The Saudi is also considering buying a minority stake in Geo, and General Atlantic declined to comment on the report, while Geo and PIF did not immediately respond to Reuters’ request for comment.
Reliance Industries announced the sale of a $ 1.5 billion stake in Jio to Vista Equity Partners, the third deal in just over two weeks.
The group cut a $ 5.7 billion deal with Facebook in exchange for a 9.99% stake in Geo on April 22 and a few days later, it got an investment