You are here: Home » Companies » News
Nestle to recycle 100% packaging by 2025 to reduce carbon footprint
Cement prices in southern India rise 18% over strong production discipline
Business Standard

NCLT okays resolution plan for Reliance Infratel; may entail sale of assets

Decks cleared for sale of tower, fibre assets to Reliance Digital

Reliance Infratel | NCLT | Reliance Communications

Surajeet Das Gupta  |  New Delhi 

telecom, trai, mobile, smarphone, tech, 4g, 5g, tower
The acquisition will help Jio to move more aggressively to complete its plan to cover over 30 million households with fibre-to-home services

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.



What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, December 04 2020. 06:05 IST