Reliance's fibre-optic unit raises $1 bn from ADIA, PIF
Reliance Industries has announced that Abu Dhabi Investment Authority (ADIA) and Saudi Arabia's Public Investment Fund (PIF) will each invest $507.2 million (₹37.8 billion) in the company's Digital Fibre Infrastructure Trust. The company had said in an exchange filing earlier this month that it was raising ₹397.1 billion through stake sales and borrowings for its fibre-optic business.