Aircel And GTL Infrastructure Merger

Deal size not known immediately, marks the exit of the Balsaras from the agency

Aircel owes Rs 170 billion to lenders and Rs 5 billion to GTL Infrastructure

With this, the company's tenancies may close at 26,639 by March end, against 51,587 tenancies as of December last year

Look at March 31 as the proposed deadline to initiate the process