India: Trust holding Jio's fibre-optic assets to raise $5.4b from Reliance group firms

India: Trust holding Jio's fibre-optic assets to raise $5.4b from Reliance group firms

Reliance Jio. Photo: Livemint

A trust that holds Indian billionaire Mukesh Ambani’s fibre-optic assets is raising Rs 397.1 billion ($5.4 billion) through borrowings and stake sales to units and investment firms of the tycoon’s conglomerate Reliance Industries Ltd., according to a filing.

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