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Reliance Jio gets approval to acquire Infratel assets

Reliance Jio gets approval to acquire Infratel assets
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NCLT Approves Jio s Acquisition Of Reliance Infratel

Jio proposes to deposit Rs 3,720 cr in escrow account to acquire RCom s tower, fibre assets

Billionaire Mukesh Dhirubhai Ambani-run Jio placed the bid of Rs 3,720 crore in November 2019 to acquire tower and fibre asset of debt-ridden subsidiary of his younger brother Anil Ambani managed firm Reliance Communications.

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