SoftBank may invest $2-3bn in Jio: Report

Japan’s Soft-Bank is reportedly looking to make a $2-3 billion investment in India’s fastest-growing telecom firm, Reliance Jio, as Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco being in discussions to buy a 25% stake in Reliance Industries’ refining and petrochemical business.

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