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Global pension and sovereign wealth funds and long-only infrastructure-focused financial investors have been sounded out as Reliance Jio Infocomm’s efforts to monetize its pan-India optic fiber assets to deleverage its balance sheet gather momentum.
Three investment banks—Moelis, Citi and ICICI Securities—have been appointed to reach out to potential investors across the Americas, the Middle East and Asia, and Australia, according to people with knowledge of the matter.