Reliance Infratel Limited Receives Approval from Shareholders for Demerger of Tower Arm to Brookfield for Rs. 11,000 Crore
Reliance Infratel Limited (RITL), a subsidiary of Reliance Limited Communications (RCom) has received approval from its shareholders at a meeting held on April 29, 2017, for demerger of the Tower division of the RITL into Towercom Infrastructure Private Limited (TIPL), a subsidiary of Brookfield Infrastructure Group. Under the order of National Company Law Tribunal (NCLT), shareholders have approved 98 percent majority of Scheme of Arrangement for the demerger. Upon the... Read More
