India: Qatar Investment Authority eyes $1.5b stake in JioFiber

India: Qatar Investment Authority eyes $1.5b stake in JioFiber

FILE PHOTO: A general view of Reliance Jio headquarters is seen on the outskirts of Mumbai, India, June 1, 2016. REUTERS/Clara Ferreira Marques/File Photo

Sovereign fund Qatar Investment Authority (QIA) is in advanced talks with Reliance Industries Ltd to invest around $1.5 billion (about 11,200 crore) in an infrastructure investment trust (InvIT) that holds the company’s fibre-optic assets, two people aware of the development said on condition of anonymity.