RCom receives approval from Sebi for merger with Aircel

Following the leads of merger between Reliance Communications and Aircel, the two companies have finally received an approval from Securities and Exchange Board of India (Sebi). The granted permit allows Anil-Ambani promoted Reliance communications to merge and spin-off the Mumbai-based rival Aircel within its business. Along with Aircel, approval for the merger of Dishnet Wireless has also been granted to the company.

The merger will establish India’s third largest telecom company in...

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Reliance Communications and Aircel [+]    India [+]    Sebi [+]    Anil [+]    Ambani [+]    Reliance [+]    Mumbai [+]    Aircel [+]    Dishnet Wireless [+]   

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