Reliance Jio has received approval from Department of Telecommunications (DoT) to sell units worth Rs 252.15 billion in Tower Infrastructure Trust to Brookfield Infrastructure Partners.
Separately, the markets regulator Securities and Exchange Board of India (SEBI) has approved the deal, with certain clauses.
In addition, DoT has reportedly also approved a downstream foreign investment of Rs 1.05 billion for the acquisition of the remaining 49 per cent equity in Reliance Jio Infratel Private Limited (RJIPL) and increase the foreign capital in the firm to 100 per cent.
