Qatar Investment Authority (QIA) is in advanced talks to invest around $1.5 billion in Reliance Industries Ltd. in its Infrastructure Investment Trust (InvIT) that will be holding the company’s fibre-optic assets.
Mukesh Ambani has raised more than $20 billion through stake sale of digital assets in Jio Platform Ltd. and, looking forward to monetizing its Fibre assets of Jio Digital Fibre Pvt. Ltd. Qatar Investment Authority (QIA) may invest $1.5-2 billion in fibre assets of Reliance and for the proposal of deal Moelis and Co., ICICI Securities Ltd. and Citigroup Global Markets are hired as an investment banker by RIL.
Jio Digital Fibre has a network of 7,00,000 kms of fibre-optic cables in India and now, the company plans to expand its network to 1.1 million kms. Reliance Jio Infocomm subsidiary of Reliance telecom has demerged its fibre business to Jio Digital Fibre Pvt. Ltd and, tower business to Reliance Jio Infratel Pvt. Ltd. previously in March 2019.
Now, the two entities Jio Digital Fibre Pvt. Ltd. and Reliance Jio Infratel Pvt. Ltd. is separated and operated independently with its sponsor Reliance Jio Infocomm. Reliance Jio Infocomm will continue to sponsor its Infrastructure Investment Trust (InvIT) and will retain its 15% stake and, the remaining 85% stake would be sold to Qatar Investment Authority and other global investors.

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