Reliance’s fiber-optic business raises $1 Bn from ADIA and PIF

Abu Dhabi Investment Authority (ADIA) and Saudi Arabia's Public Investment Fund (PIF) have invested Rs 7,558 Cr ($1 billion) in Digital Fibre Infrastructure Trust."Abu Dhabi Investment Authority and the Public Investment Fund have purchased units of Fibre Trust worth Rs 3,779 Cr each," RIL said.

RIIHL will continue to be the sponsor of the InvIT and it is not known how much stake the two sovereign wealth funds will get in lieu of their investment in the InvIT - Digital Fibre Infrastructure Trust (DFIT).As of 31 March, 2020, Jio Digital Fibre operates optic fibre cable network of nearly 17.37 million fibre pairs per kilometre (FPKM) across the country.

RIL, by selling a 33% stake in its subsidiary Jio Platforms, has raised Rs. 1.52 trillion between April and August.

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