Competition Commission approves RCom-Aircel deal

Monday 20 March 2017 | 10:55 CET | News
Reliance Communications (RCom) has received the Competition Commission of India's approval for its proposed demerger of its wireless division into Aircel and Dishnet Wireless. RCom has previously 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 same scheme. The proposed transaction is subject to other necessary approvals. Following the completion of the

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Categories: Mobile & Wireless
Companies: Aircel / RCom / Reliance Communications
Countries: India
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