Two more firms interested in stakes of Jio

[iDJ]

Two more firms are eyeing a share of Reliance Industries Ltd's $65-billion digital unit Jio Platforms, according to Bloomberg News, setting them up to be a part of a growing list of firms that have recently invested in the Indian company.

US private equity firm General Atlantic is considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said, citing people with knowledge of the matter.

Saudi, American firms eye stakes in Reliance's Jio

 

[Kiran Reddy]

In my opinion slowly foreign companies are increasing control over Jio It may be good for Jio to gain investments but it may see some disturbances due to foreign interferences losing independent control.

Though Ambani will continue to have maximum stake, in some way he has to still follow investers.