Shareholders of Aircel had already approved the merger on April 22, 2017, convened under the order of the NCLT. Reliance Communications (Rcom) shareholders have approved the merger of its wireless business with Aircel to create India`s fourth largest telecommunications company. The shareholders
8.15 PM Apr 24th
This announcement comes a significant changes into share prices as well as profitability of a company...Debt of Reliance communication will be reduced by Rs. 20000 Cr. and 4000 Cr. of aircel also...post merger EPS will also increases..ultimately its a fruitfull deal...for all stake holders...
4.59 PM Apr 24th
In response to a query, Reliance Communications said the scheme provides for consolidation of business and will enhance competitive strength and achieve cost reduction and other efficiencies to maximizing shareholders` value. The scheme has all legal approvals from Securities and Exchange Board
11.32 AM Apr 24th
//The mega merger between Reliance Communications (RCom) and Aircel to create the country’s third-largest operator is entering the final phase, with both companies seeking shareholder approval in the coming days. Aircel will hold its shareholders’ meeting on April 22, while that of RCom
2.43 PM Apr 17th