Mukesh Ambani has found yet another firm to write a big check to his telecom venture Reliance Jio Platforms at the height of a global pandemic.

The Public Investment Fund, one of the largest and most impactful sovereign wealth funds in the world, said on Thursday it will invest $1.5 billion in the top Indian telecom operator for a 2.32% stake in the company. 

With this deal, Jio Platforms has raised 15.2 billion from a roster of high-profile investors in the last nine weeks.

More to follow…



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