Saudi Arabia’s Public Investment Fund (PIF) is continuing to focus on acquisitions in the Indian private sector.
It recently invested $500 million (SAR 1.88 billion) in the Digital Fiber Infrastructure Trust (DFIT).
Earlier this year, the PIF signed a definitive agreement to acquire a 2.32% stake in India’s Jio Platforms for nearly $1.5 billion.
The deal comes in line with the fund’s strategy to invest in the sectors and companies that yield higher long-term financial returns.
