Reliance Industries Limited (RIL) is reportedly planning to raise about Rs 400 billion by monetising its fibre optic assets through an Infrastructure Investment Trust (InvIT) structure.

Digital Fibre Infrastructure Trust (DFIT), a trust that holds all the fibre assets of RIL, is expected to raise around Rs 397 billion, out of which Rs 147 billion will be raised by making initial offer of its units to investors while rest will be raised via debt. Further, DFIT is likely to raise Rs 250 billion through debt that will be used to pare debt of the fibre optic arm.

According to industry sources, Saudi Arabia’s Public Investment Fund (PIF) and Abu Dhabi Investment Authority (ADIA) are likely to invest about $500 million each in RIL’s InvIT for a total 51 per cent stake.