RCom and Promoters of Aircel to Hold 50% Each in ‘Mergedco’ With Equal Representation on Board and Committees
Reliance Communications (RCom) has received a nod from its shareholders for a merger with Aircel. At their meeting convened under the order of National Company Law Tribunal (NCLT), shareholders today approved with 99.99 percent majority for the Scheme of Arrangement for demerger of the wireless division of the company and Reliance Telecom Limited (RTL) into Aircel and Dishnet Wireless Limited. Shareholders of RCom also approved the Scheme at their meeting... Read More
