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RCom-Brookfield's Rs 11k-cr tower deal to be taken up by Cabinet soon

Sale to help RCom pare debt majorly; all approvals except from NLCT, lenders in the bag, firm claims

Kiran Rathee  |  New Delhi 

Anil Ambani-owned Reliance Communications' (RCom) Rs 11,000-crore deal to sell its tower business to Canada's Brookfield Infrastructure is nearing closure and is likely to be taken up by the Union Cabinet in the next couple of weeks. RCom had announced signing of the binding agreement with Brookfield in December 2016 and sources said it has got almost all approvals for the said transaction, including that from the Competition Commission of India (CCI), Security and Exchange Board of India (Sebi), National Stock Exchange (NSE), BSE, corporate registration and shareholders. ...


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First Published: Wed, June 14 2017. 02:38 IST