Is Jio Platforms looking to raise more funds?

Jio Platforms, the wholly-owned subsidiary of Reliance Industries Ltd (RIL), is reportedly scouting for more funds, with the firm in talks with two more investors.

The company controlled by Asia’s richest man Mukesh Ambani is in talks with Saudi Arabia’s Public Investment Fund for an investment, according to various media reports.

Jio Platforms, which raised a total of ₹78,562.13 crore from five global investors since April 22, is also in discussions with Abu Dhabi-based sovereign investor Mubadala Investment Company, media reports said.

BusinessLine could not independently verify these reports.