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RCOM gets CCI approval for Aircel merger

RCOM gets CCI approval for Aircel merger

Monday, March 20, 2017, 1:59 PM

Reliance Communications Ltd has received an approval of the Competition Commission of India (CCI) for the proposed Scheme of Arrangement for demerger of the Wireless division of the company into Aircel Ltd and Dishnet Wireless Ltd. Reliance Communications and Aircel in September last year announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore.
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