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RCom-Aircel merger gets SEBI nod

RCom-Aircel merger gets SEBI nod

Wednesday, March 15, 2017, 11:18 AM

Reliance Communications Ltd. has received approval from SEBI, BSE and NSE for the proposed Scheme of Arrangement for demerger of the wireless division of company into Aircel Ltd and Dishnet Wireless Ltd. Rcom has filed an application with National Company Law Tribunal, Mumbai Bench. Post closing of the deal, RCom and the present shareholders of Aircel Ltd will hold 50% each in Aircel Ltd.
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