ADIA, PIF invest $1.01 Bn in Reliance’s fiber-optics asset, Infrastructure Investment Trust
Both Abu Dhabi Investment Authority and Public Investment Fund are the Middle East’s sovereign funds
Both the funds will purchase units with INR 3,779 Cr ($508 Mn) each in the entity
The investment would monetize Reliance’s fiber optic assets
Currently, Reliance’s optical fiber assets are being held by Jio Digital Fibre
Earlier, both the funds have invested in Jio Platforms
