Reliance Jio has secured Company Law National Tribunal (NCLT) nod to acquire Reliance Infratel after months of delay and litigation.
On Monday, the Mumbai Bench of NCLT allowed Jio's application to deposit the resolution amount of ₹3,720 crore in a State Bank of India (SBI) account.
The order was passed in response to Jio's October 20 application. The insolvency court's approval means that Jio can finally complete the acquisition of Reliance Infratel's tower and fibre businesses.
This story is from the November 22, 2022 edition of Business Standard.
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This story is from the November 22, 2022 edition of Business Standard.
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