RIL says ADIA & PIF invest $503.8m each in Jio Fibre's network

RIL says ADIA & PIF invest $503.8m each in Jio Fibre's network

India Gate. Photo: Abhidev Vaishnav/unsplash

Reliance Industries on Friday said that Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund (PIF) have invested 3,779 crore each in Jio Fibre’s network. The sovereign wealth funds from Gulf will acquire a total 51% in the infrastructure investment trust (InvIT) — Digital Fibre Infrastructure Trust (DFIT). The remaining 49% will be held by various Reliance entities.

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