QATAR INVESTMENT AUTHORITY (QIA) LIKELY TO INVEST $1.5 BILLION IN JioFiber

Highlights

• As per the reports, RIL is planning to make Jio become an asset-light company and save significantly on all the costs

• Qatar Investment Authority may invest $1.5 to 2 billion in RIL's Jio Fiber business

• Reliance has hired Citigroup Global Markets, Moelis and Co. and ICICI Securities to facilitate this proposed deal with QIA

According to the sources, Sovereign fund Qatar....