New Delhi, Nov. 2 -- Reliance Industries is raising $1.01 billion investment from two Middle East Sovereign Funds. Abu Dhabi Investment Authority (ADIA) and Saudi Arabia's Public Investment Fund, or PIF, will each invest $507.2 million in an Infrastructure Investment Trust (InvIT), which holds Reliance Industries' fibre optics assets. It is unclear how much stake the two sovereign wealth funds would get in InvIT's Digital Fire Infrastructure Trust (DFIT).

What is InvIT?

InvIT is a mechanism that enables developers of infrastructure assets to monetise them by pooling multiple projects under a single entity or a trust structure. InvITs are long-term instruments structured as funds with a very long tenure or open-end structure.

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