Reliance Industries Ltd’s wholly owned subsidiary, Reliance Industrial Investments and Holdings Ltd, has entered into binding agreements with Brookfield Infrastructure Partners LP and its institutional partners for an investment of ₹25,215 crore in the units to be issued by Tower Infrastructure Trust. The deal is in line with the overall objective of RIL, the parent of India’s only profitable telecom operator Reliance Jio, to reduce debt in its high-capex telecom business and increase focus on building its digital services portfolio.