ADIA renews interest in Jio Digital Fibre

The Abu Dhabi Investment Authority (ADIA) has revived talks to invest close to $1 billion (about Rs 75 billion) in Reliance Industries’ InvIT, Jio Digital Fibre, for up to a 25 per cent stake. This comes after it invested $752 million in the group’s digital unit, Jio Platforms, in June 2020. ADIA has already secured initial executive committee approvals and may take a final decision upon review of investment plans soon.