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Reliance's Jio, Gortune pre-qualify for Sri Lanka Telecom stake bid - govt

By Economic Times - 10 months ago
On Wednesday, the Sri Lankan government announced the pre-qualification of Jio Platforms, a subsidiary of India's Reliance Industries Ltd, and Gortune International Investment Holding to participate in the bidding process for shares in Sri Lanka Telecom. This move aligns with Sri Lanka's initiative to decrease government ownership in state-owned enterprises, as part of the $2.9 billion International Monetary Fund (IMF) program.

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