Reliance Jio's fibre arm to raise Rs 14,700 cr through InvIT offer

Another Rs 25,000 cr to be raised by way of debt

Reliance Industries Ltd (RIL) on Thursday started the process of monetising its fibre optic network via an infrastructure investment trust (InvIT) structure. Digital Fibre Infrastructure Trust (DFIT) will raise around Rs 14,700 crore by issuing units to its investors, and raise another Rs 25,000 crore by way of debt, which will be used to retire the debt of the fibre optic arm. The 51 per cent of the fibre optic business will be owned by DFIT, and the rest by RIL.

According to the prospectus filed with the Securities and Exchange Board of India (Sebi), the fundraising will be done by