Unitech Moves Company Law Board To Stall Uninor Sell Off Plan
Real estate firm Unitech, the Indian joint venture partner in telecom operator Uninor Wireless, has approached the Company Law Board (CLB) seeking a restraining order on the possible auctioning or sale in the joint venture firm. The move follows Norway’s Telenor, the foreign partner in Uninor Wireless, planning to sell off it stake in the business, after it received approvals from the majority of the board members. It also invited... Read More
