 "reliance jio, RIL")
Reliance Jio on Friday announced an investment of Rs 7,558 crore by the Abu Dhabi Investment Authority and the Public Investment Fund of Saudi Arabia for a 51 per cent stake in the the digital fibre infrastructure trust.
The fibre optic unit, which was earlier part of Reliance Industries Limited subsidiary Reliance Jio, has a debt of Rs 87,296 crore, which includes the suppliers' credit. The company said induction of strong partners will help it manage critical asset base.
The stake purchase was announced along with the company's second quarter result was saw the Jio's net profit increase nearly tripled to
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