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Jio completes acquisition of Reliance Infratel, pays Rs 3,720 cr to lenders Reliance Jio Thursday completed the acquisition of Reliance Communication Ltd.'s (RCOM) tower and fiber assets by paying Rs 3,720 crore to the lenders. According to sources, the company has deposited Rs 3,720 crore in the escrow account of the State Bank of India (SBI). In November, the National Company Law Tribunal (NCLT) had given its approval to Jio for the acquisition of Reliance Infratel (RITL), an RCOM subsidiary that houses the tower and fibre assets. The tribunal had allo...
Jio completes acquisition of Reliance Infratel, pays Rs 3,720 cr to lenders
Jio completes acquisition of Reliance Infratel, pays Rs 3,720 cr to lenders
Source: IANS
22/12/2022 2:34:31 PM
Key News - Licious, Reliance Infratel, Samsung Electronics , By ARETE Securities Ratan Tata-backed BlueStone valuation tops $410 mn in latest round Ratan Tata-backed BlueStone, a leading omnichannel jewellery retailer, has raised over $30 million in funding at a valuation of $410 million. The funding round was led by Sunil Kant Munjal, Chairman, Hero Enterprise, who is an acknowledged go-to investor for many startups across stages. BlueStone is India’s largest omnichannel precious jewellery brand with a design-led approach and with fresh collections being updated...
Key News - Licious, Reliance Infratel, Samsung Electronics , By ARETE Securities
Key News - Licious, Reliance Infratel, Samsung Electronics , By ARETE Securities
Source: ARETE Securities Ltd
16/03/2022 10:03:20 AM
NCLT adjourns Rel Infratel matter to July 5 The National Company Law Tribunal (NCLT) on Thursday adjourned the much-awaited Reliance Infratel Ltd 'fraud tag' matter to July 5, asking the State Bank of India (SBI) to gather and produce more pleadings, submissions and evidences on that day. This comes after the SBI curiously chose to withdraw the fraud tag against RCom's tower and fibre company Reliance Infratel Ltd. Reliance Projects and Property Management Services, a part of Reliance Industries Group, was the success...
NCLT adjourns Rel Infratel matter to July 5
NCLT adjourns Rel Infratel matter to July 5
Source: IANS
11/06/2021 9:04:54 AM
Reliance Jio moves NCLT against Reliance Infratel COC Reliance Jio has moved the NCLT against the Committee of Creditors (CoC) of Reliance Infratel Ltd (RITL). According to sources, Reliance Jio, through Reliance Project and Property Management Services Ltd, has filed an application in the NCLT Mumbai against the CoC of Reliance Infratel Ltd (RITL). The RITL CoC is led by the State Bank of India (SBI). Reliance Jio, through the Reliance Project and Property Management Services, was the successful resolution applicant for RITL, which com...
Reliance Jio moves NCLT against Reliance Infratel COC
Reliance Jio moves NCLT against Reliance Infratel COC
Source: IANS
27/05/2021 9:42:28 AM