Pif
Recent Highlights
All Stories for Pif
Intel to acquire 0.39% stake in Jio Platforms for Rs 1,895 cr; will be 12th firm to invest in Reliance Industries' digital arm
Fp Staff •The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
Saudi Arabia's PIF will invest Rs 11,367 crore in Jio; platform gets 11th investor after General Atlantic, Silver Lake among others
Fp Staff •Public Investment Fund of Saudi Arabia, one of the world’s largest sovereign wealth funds, will invest Rs 11,367 crore for 2.32 percent of Jio Platforms, the eleventh investment in the Reliance Industries (RIL) digital unit in nine weeks.
CEO Elon Musk to no longer pursue $72 billion deal to take Tesla private
•The decision to leave Tesla as a publicly listed company raises new questions about its future.
Saudi PIF could snub Elon Musk and invest in aspiring Tesla rival Lucid Motors
•PIF could invest more than $1 billion in Lucid Motors and obtain majority ownership.