The merger talks between Reliance Communications (RCom) and Aircel is likely to be concluded on July this year, paving way for another high-profile deal for RCom after its acquisition of Sistema’s Indian unit last year. Business Standard, citing sources close to the talks, reported that the merger is on track and Aircel and RCom will collectively transfer Rs 28,000 crore of debt (Rs 14,000 crore each) to the new entity. “With... Read More
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