Reliance Industries Limited (RIL) today announced that it has entered into an agreement to acquire a substantial stake in Infotel Broadband Services (P) Ltd, which has emerged as a successful bidder in all the 22 circles (Pan India) of the auction for Broadband Wireless Access (BWA) Spectrum conducted by the DoT. RIL said that it will invest about Rs 4,800 crore by way of subscription to fresh equity capital at... Read More
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