Softbank investing in Jio as Mukesh Ambani deleverages business

New Delhi: Japan’s Softbank is reportedly looking to make a USD 2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes.

This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25 per cent stake in Reliance Industries’ refining and petrochemical business for USD 10-15 billion.

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