NCLT to decide on RCom-Aircel merger on August 14 - AskBihar24X7 - Bihar & Jharkhand News

Breaking

Post Top Ad

Post Top Ad

Friday, August 11, 2017

NCLT to decide on RCom-Aircel merger on August 14

The National Company Law Tribunal (NCLT) will disclose on Monday whether it will consider the merger proposal between Reliance Communications's wireless business and Aircel. Let us know that R-Com and Aircel have got approval from SEBI, CCI and NSE.



The Department of Telecommunications (DOT) has said that for approval of the merger agreement of Reliance Communications Limited (RCom) with Aircel Limited, a non-objection or clearance from the Supreme Court will be needed. At the same time, some creditors had objected to this merger agreement, as it was not given to them before it was submitted to the National Company Law Tribunal (NCLT). The NCLT had given the conditional agreement to this deal. In the affidavit filed in the affidavit filed by NCLT (which was hearing the merger of two telecom companies on Wednesday), Dot said that the Supreme Court has given its order on 6th January to Aircel Limited to sell and trade the 2G spectrum allocated in 2006 Was stopped by.

No comments:

Post a Comment