Saudi Arabia's sovereign wealth fund, which has Crown Prince Mohammed bin Salman as the Chairman, is considering to buy a minority stake in Reliance Industries Ltd's (RIL) digital unit Jio Platforms, sources close to the development said.
Saudi Arabia's Public Investment Fund (PIF), which is among the largest sovereign wealth funds, manages over $320 billion in assets.
This deal would add to the three marquee investors who have already invested in Jio --Facebook, Silver Lake and Vista. Jio has raised a staggering $8 billion at a time when the world is in tumult because of the coronavirus pandemic.
After the Facebook (FB) and Silver Lake stake sale in Jio Platforms (JPL), RIL on Friday announced a deal to sell a 2.23 per cent stake in Jio Platforms (JPL) to Vista Partners for $1.5 billion. This takes the total equity flow into JPL to $7.95 billion for a total equity sale of 13.45 per cent.
Journalist Deepak Chaurasia took to social media to share the details of the FIRs filed by him regarding the threats he has been receiving for his reportage.
Journalist Deepak Chaurasia has filed two separate FIRs with Gautam Buddha Nagar over threats he has been receiving for reportage on Palghar Sadhu lynching as well as Tablighi Jamaat chief Maulana Saad.
Source: https://www.opindia.com/2020/05/deepak-chaurasia-fir-threatened-palghar-sadhu-lynching-maulana-saad/