Reliance Industries Ltd.

Reliance Industries’ telecom arm -- Reliance Jio Infocomm (Jio) has transferred control of its fibre and mobile tower units to two infrastructure investment trusts set up by Reliance Industrial Investments and Holdings (RIIHL).

The optical fibre cable infrastructure unit, Jio Digital Fibre (JDFPL) has allocated shares worth Rs 500 crore to Jio on March 31, 2019. Also, mobile tower unit Reliance Jio Infratel (RJIPL) has allocated shares worth Rs 200 crore to Jio.

Digital Fibre Infrastructure Trust has acquired control of JDFPL by purchasing 51 per cent of the equity share capital of JDFPL for Rs 262.65 crore. Besides, Tower Infrastructure Trust acquired control of RJIPL by purchasing 51 per cent of shares of RJIPL for Rs 109.65 crore.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.