BUSINESS | Saudi Arabia’s PIF Continues To Invest In Indian Companies

Saudi Arabia’s Public Investment Fund (PIF) is continuing to focus on acquisitions in the Indian private sector.

It recently invested $500 million (SAR 1.88 billion) in the Digital Fiber Infrastructure Trust (DFIT).

Earlier this year, the PIF signed a definitive agreement to acquire a 2.32% stake in India’s Jio Platforms for nearly 1.5 billion.

The deal comes in line with the fund’s strategy to invest in the sector and companies that yield higher long – term financial returns.

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