ADIA, PIF invest Rs 7,558 crore in Reliance's fibre-optics assets
ADIA and PIF have also invested a combined amount of roughly $2.2 billion in Jio Platforms, RIL's telecom unit.
October 31, 2020 / 04:18 PM IST
Abu Dhabi Investment Authority (ADIA) and Saudi Arabia's Public Investment Fund (PIF) have invested Rs 7,558 crore ($1 billion) in Digital Fibre Infrastructure Trust, Reliance Industries (RIL) said on October 30.
The Digital Fibre Infrastructure Trust holds RIL's fibre-optics assets and was earlier a part of Jio.
"Abu Dhabi Investment Authority and the Public Investment Fund have purchased units of Fibre Trust worth Rs 3,779 crore each," RIL said.
"RIIHL, a subsidiary of RIL, completed the recapitalisation of the Digital Fibre Infrastructure Trust," the company added.
This is the second biggest investment in a RIL operation by ADIA. Earlier, the sovereign wealth fund said it would be injecting Rs 5,512.5 crore into RIL's retail division - Reliance Retail.
ADIA and PIF have also invested a combined amount of roughly $2.2 billion in Jio Platforms, RIL's telecom unit.Disclosure: Reliance Industries is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.