for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Oil and Gas

India's Reliance Industries to divest Jio's tower assets for $3.5 bln

BENGALURU, Dec 16 (Reuters) - India’s Reliance Industries Ltd on Monday said its unit had inked binding agreements with Brookfield Infrastructure Partners LP for an investment of 252.15 billion rupees($3.51 billion).

Reliance Industrial Investments and Holdings Ltd will sell its telecoms arm, Jio's tower assets to Brookfield and its partners, the company, controlled by Asia's richest man Mukesh Ambani, said here.

$1 = 71.7700 Indian rupees Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up