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RCom gets a approval from Rajasthan HC for SSTL acquisition, awaits similar nod from Bombay HC

Reliance Communications (RCom) has received a go ahead from the Rajasthan High Court to acquire Sistema Shyam Teleservices Ltd (SSTL), which operates under the MTS brand in India, even as the Anil Ambani-led telco seeks a similar a go ahead from the Bombay High Court. In a filing to stock exchanges, RCom said, “Hon’ble Rajasthan High Court has today sanctioned the Scheme of Arrangement (scheme) between SSTL and the Company […]

from Telecom Talk http://telecomtalk.info/rcom-approval-from-rajasthan-hc-for-sstl-acquisition/157575/

via: http://telecomtalk.info/rcom-approval-from-rajasthan-hc-for-sstl-acquisition/157575/

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