Reliance Infratel
-
{
- All
- News
- Videos
-
Reliance Jio Gets NCLT’s Nod to Acquire Reliance Infratel
Reliance Jio has received the National Company Law Tribunal (NCLT)’s approval for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets.
-
Jio Seeks to Deposit Rs. 3,720 Crore in Escrow Account to Acquire Reliance Infratel's Tower, Fibre Assets
Jio has proposed to deposit Rs 3,720 crore in an escrow account in order for the company to complete its acquisition of Reliance Infratel's tower and fibre assets. The company has stated that a delay in acquisition of the assets due to inter-creditor disputes will deteriorate the value of assets. The telecom operator placed a bid in November 2019 t...
-
Accounts of Anil Ambani's Reliance Companies Declared Fraud: SBI To Delhi High Court
The bank accounts of Reliance Communication, Reliance Telecom and Reliance Infratel -- all owned by Anil Ambani -- have been classified as "fraud" the State Bank of India has told the Delhi High Court, opening up possibilities of a probe by the Central Bureau of Investigation. The court has asked the bank to maintain status quo on the accounts.
-
Top Court Asks Anil Ambani To Pay Or Face Jail In Ericsson Case: 10 Facts
Industrialist Anil Ambani was held guilty of contempt today by the Supreme Court, which said he will go to jail for three months if he doesn't pay Rs 453 crore to Ericsson India within four weeks. The court tore into the Reliance Communications chairman for what it called a "cavalier attitude" and fined him and two of his directors Rs 1 crore each....
-
RCom To Appeal Court Order Staying Sale Of Tower, Fibre Assets
The National Company Law Tribunal stayed sale of assets of Reliance Infratel in response to a petition filed by HSBC Daisy Investments (Mauritius).
-
Sensex Rebounds 250 Points, Reliance Industries Surges Over 2%
Among other top Nifty50 gainers were Bharti Infratel, Infosys, Tata Motors, UPL, GAIL India and Kotak Mahindra - up between 1.2 per cent and 3.7 per cent in morning deals.
-
Airtel Sells $508 Million Stake To Survive Price War Started By Jio
Telecom giant Bharti Airtel sold a half-billion-dollar stake in its mobile tower business to help shrink its debt worth Rs 91,480 crore.
-
Brookfield Now Eyes Mobile Towers After Deal With RCom Collapses
The deal with Brookfield hinged on RCom's merging its mobile operations with Aircel but the merger was called off last month due to regulatory delays and legal uncertainties.
-
Reliance Infratel Gets CCI Nod for Selling Tower Unit
The Competition Commission of India (CCI) has approved the proposed sale of the tower division of Reliance Infratel Limited to Brookfield Infrastructure Group.
-
RCom and Reliance Jio sign intra-city infrastructure sharing pact
The deal marks the third infrastructure-sharing agreement between the two companies.
-
Reliance Jio Gets NCLT’s Nod to Acquire Reliance Infratel
Reliance Jio has received the National Company Law Tribunal (NCLT)’s approval for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets.
-
Jio Seeks to Deposit Rs. 3,720 Crore in Escrow Account to Acquire Reliance Infratel's Tower, Fibre Assets
Jio has proposed to deposit Rs 3,720 crore in an escrow account in order for the company to complete its acquisition of Reliance Infratel's tower and fibre assets. The company has stated that a delay in acquisition of the assets due to inter-creditor disputes will deteriorate the value of assets. The telecom operator placed a bid in November 2019 t...
-
Accounts of Anil Ambani's Reliance Companies Declared Fraud: SBI To Delhi High Court
The bank accounts of Reliance Communication, Reliance Telecom and Reliance Infratel -- all owned by Anil Ambani -- have been classified as "fraud" the State Bank of India has told the Delhi High Court, opening up possibilities of a probe by the Central Bureau of Investigation. The court has asked the bank to maintain status quo on the accounts.
-
Top Court Asks Anil Ambani To Pay Or Face Jail In Ericsson Case: 10 Facts
Industrialist Anil Ambani was held guilty of contempt today by the Supreme Court, which said he will go to jail for three months if he doesn't pay Rs 453 crore to Ericsson India within four weeks. The court tore into the Reliance Communications chairman for what it called a "cavalier attitude" and fined him and two of his directors Rs 1 crore each....
-
RCom To Appeal Court Order Staying Sale Of Tower, Fibre Assets
The National Company Law Tribunal stayed sale of assets of Reliance Infratel in response to a petition filed by HSBC Daisy Investments (Mauritius).
-
Sensex Rebounds 250 Points, Reliance Industries Surges Over 2%
Among other top Nifty50 gainers were Bharti Infratel, Infosys, Tata Motors, UPL, GAIL India and Kotak Mahindra - up between 1.2 per cent and 3.7 per cent in morning deals.
-
Airtel Sells $508 Million Stake To Survive Price War Started By Jio
Telecom giant Bharti Airtel sold a half-billion-dollar stake in its mobile tower business to help shrink its debt worth Rs 91,480 crore.
-
Brookfield Now Eyes Mobile Towers After Deal With RCom Collapses
The deal with Brookfield hinged on RCom's merging its mobile operations with Aircel but the merger was called off last month due to regulatory delays and legal uncertainties.
-
Reliance Infratel Gets CCI Nod for Selling Tower Unit
The Competition Commission of India (CCI) has approved the proposed sale of the tower division of Reliance Infratel Limited to Brookfield Infrastructure Group.
-
RCom and Reliance Jio sign intra-city infrastructure sharing pact
The deal marks the third infrastructure-sharing agreement between the two companies.
