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Reliance Jio Infratel Plans To Raise Rs 25,000 Cr For Capex, Retiring Debt | Business Standard News

by business-standard.com posted 1week ago 8 views
Fund raising is separate from Reliance Jio Infocomm plans, will be completed by end of September quarter. : Reliance Jio Infratel Private Limited, which is owned 51 per cent by Tower Infrastructure Trust, an Infrastructure Investment Trust, and rest by Reliance Industries, plans to raise Rs 25,000 crore to fund its capital expenditure and retire old loans. This fund raising exercise is separate from Reliance Jio Infocomm Ltd, which is raising funds on its own from both domestic and overseas markets. According to a source, RJIPL manages and operates the tower assets of Reliance Jio.

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