Reliance Jio has transferred control of its fiber and mobile tower units to two infrastructure investment trusts set up by Reliance Industrial Investments and Holdings Ltd (RIIHL). The optical fibre cable infrastructure unit, Jio Digital Fibre Private Ltd (JDFPL) has allocated shares worth Rs 500 crore to Reliance Jio Infocomm Ltd (RJIL) on March 31, 2019, according to a regulatory filing. Also, mobile tower unit Reliance Jio Infratel Private Ltd(RJIPL) has allocated shares worth Rs 200 crore to RJIL, it said. On the same day, Digital Fibre Infrastructure Trust acquired control of JDFPL by purchasing 51 percent of the equity share capital of JDFPL for Rs 262.65 crore. Besides, Tower Infrastructure Trust acquired control of RJIPL by purchasing 51 percent of shares of RJIPL for Rs 109.65 crore, the filing said.

Source: dna April 02, 2019 09:33 UTC