Middle East Sovereign Funds invest $1 Bn in Reliance’s Fiber Optic Asset
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Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund have jointly invested $1.01 Bn in an Infrastructure Investment Trust, which holds Reliance Industries’ fibre-optic assets. Both the Middle Eastern funds have agreed to purchase units with INR 3,779 Cr each in the entity. However, it is unclear how much stake the two sovereign wealth funds would get in InvIT’s Digital Fibre Infrastructure Trust.