Digital Fibre Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Digital Fibre Infrastructure Trust, which holds 51% of Jio Digital Fibre Private Limited (JDFPL) with Reliance Industries and others holding the remaining 49% equity plus 0.01% OCPS, has shared an updated presentation on how surplus cash flows are split. The Trust raised Rs. 19,495 crore from unit holders and lent Rs. 19,489 crore to JDFPL. Because the project IRR is projected to exceed the 11.5% threshold over the 30-year period, any 'Balance Revenue' (cash left after expenses and debt service) will be split just 5:95 in favour of OCPS holders (RIL and others) until September 2030, and 12.5:87.5 from 2030 to 2050. The illustration shows that on Rs. 100 crore of revenue, only Rs. 1 crore flows to the Trust as additional interest while Rs. 19 crore goes to OCPS holders.
Unitholders should note that the bulk of any surplus cash above the 11.5% IRR threshold goes to RIL and other OCPS holders rather than the Trust, which limits incremental distribution upside despite JDFPL's strong projected returns. This is structural rather than a new event, but the refreshed disclosure makes the cash-flow split transparent and underscores reliance on Reliance-affiliated entities on the upside.