Bombay High Court admits RCOM-SSTL merger scheme
Anil Ambani-owned Reliance Communications (RCom) said that the Bombay High Court has admitted the application for its merger with Sistema Shyam Teleservices Ltd. (SSTL), the telecom unit of Russia's Sistema JSFC. "The Bombay High Court has admitted the application for Scheme of Arrangement between RCOM and SSTL. The Hon'ble Bombay High Court has directed RCOM to convene a Court-Convened Meeting of Reliance Communications' shareholders on Tuesday, 8 March 2016 at... Read More
