US firm picks up 2.3% stake in Reliance arm

Oil-to-telecom-conglomerate Reliance Industries’ plan to become debt-free by March received a shot in the arm after US-based private equity firm Vista Equity Partners decided to invest in its digital services arm, Jio Platforms. Reliance Industries will sell its 2.3% stake in Jio Platforms to Vista Equity for around 114 billion rupees (US$ 1.51 billion). The […]