Question
Saudi Arabia's Public Investment Fund (PIF) invested how
much amount to acquire 2.04% stake in Reliance Retail?ÂSolution
The Public Investment Fund (PIF) of Saudi Arabia has revealed that it will be investing ₹9,555 crore for a 2.04% stake in Reliance Industries Ltd (RIL). This investment will strengthen the PIF’s presence in the Indian economy retail management.
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