The transaction will not lead to any new money being injected into McLaren, the Sky News report said, adding that an announcement from Mumtalakat on the deal will come on Thursday.
In 2021, Blackstone invested $4.9 billion in India, compared with $3.3 billion by PIF.
Saudi Arabia’s Public Investment Fund announced an investment of Rs 9,555 crore in Reliance Retail for a 2.04 percent stake.
The investment by PIF, a sovereign wealth fund, in Reliance Retail Ventures (RRVL) follows its earlier acquisition of 2.32% of Jio Platforms, the digital unit of Reliance Industries. RIL has so far sold 10.09% in RRVL for a total Rs 47,265 crore.
Jio Platforms has raised Rs 1,15,693.95 crore from global investors so far
This has pushed Reliance’s digital unit’s investment mop-up to over Rs 1.15 lakh crore.
PIF, one of the world’s largest sovereign wealth funds, will invest Rs 11,367 crore for 2.32 percent of Jio Platforms. Reliance digital unit has raised Rs 115,693.95 crore in exchange for a 24.7 percent stake from some of the world’s top technology investors in 9 weeks.
SoftBank is investing at least USD 25 billion in the fund and has been in talks with Saudi Arabia's Public Investment Fund (PIF) for an investment that could go up to USD 45 billion.