The National Company Law Tribunal (NCLT) in Mumbai has approved a resolution plan for Reliance Infratel, which sources say entails the sale of its tower and fibre assets with some minor riders. As part of the plan, which was passed in March by all the members of the Committee of Creditors (CoC) led by the State Bank of India (RBI), Reliance Digital Platform, a group firm of Reliance Jio, will pay around Rs 3,720 crore for the deal.
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First Published: Fri, December 04 2020. 06:05 IST