Announced
Completed
Financials
Sources
Tags
Minority
India
Private
Acquisition
Friendly
Single Bidder
Diversified Industrials
fibre materials
Completed
Cross Border
Synopsis
Abu Dhabi Investment Authority, or ADIA, and Saudi Arabia’s Public Investment Fund, invested $507.2m each in buying units of Digital Fibre Infrastructure Trust. The latest fund infusion underscores the confidence of marquee investors in billionaire Mukesh Ambani’s plans to transform his conglomerate into a retail and technology behemoth and pivot away from its staple oil-refining business that he inherited after his father died in 2002. He has already secured over $25bn investment from backers such as Facebook and Google.
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