PIF, ADIA may invest $1 billion in RIL’s fibre InvIT
Saudi Arabia’s Public Investment Fund (PIF) and Abu Dhabi Investment Authority (ADIA) are likely to invest about $500 million (Rs 3,700 crore) each to acquire a total 51% in the infrastructure investment trust (InvIT) structure formed by Reliance Industries Ltd (RIL) to monetise its fibre optic network assets, said people aware of the matter. Over … Read more