Jio had recently received the approval of the National Company Law Tribunal (NCLT) to demerge its fibre and tower assets into two separate units (SPVs). Reliance Industrial Investments and Holdings Ltd, a wholly owned subsidiary of RIL, is the sponsor of these InvITs. Jio has demerged its optical fibre cable undertaking to Jio Digital Fibre Pvt Ltd (JDFPL). The TelegraphThe tower infrastructure undertaking has been transferred on a slump-sale basis to Reliance Jio Infratel Pvt Ltd (RJIPL). RIL, being the shareholder of Jio, will receive the equity shares and optionally convertible preference shares pursuant to the transfer of the fibre business.

Source: The Telegraph April 19, 2019 18:56 UTC