Reliance Communications-Aircel merger receives CCI approval
Monday, 20 March 2017 Reliance Communications has received an approval of the Competition Commission of India (CCI) for the proposed merger with Aircel, a company statement said here on Monday. “Reliance Communications Ltd has received an approval of CCI for the proposed Scheme of Arrangement for demerger of the wireless division of the company into Aircel Limited and Dishnet Wireless Limited (the Scheme),” the statement said. The company has already received approval from the Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) for the proposed Scheme of Arrangement and filed an application with the National Company Law Tribunal (NCLT), Mumbai Bench, for approval of the said scheme. The proposed transaction is subject to other
The No. 2 U.S. wireless carrier said on Wednesday, AT&T Inc has won approval from the European Commission for its planned $85.4 billion acquisition of Time Warner Inc. The merger was widely expected to be cleared in Europe. It still requires approval from the U.S. Department of Justice. AT&T said the...
In a major relief to debt-laden Reliance Communications, the National Company Law Tribunal (NCLT) on Monday admitted a petition for the proposed merger between... DNA - Front PageAlso reported by •Sify •Zee News