Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: list of goods taxed at 4% :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: articles on VAT and GST in India :: cpt :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: form 3cd :: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Mergers and Acquisitions »
  Mergers & Acquisitions Advisory Global Market Briefing 2017
 M&As to be favoured route for FDI in 2017
 M&As seen driving India dollar offerings as bond costs tumble
 ECRI Institute Jumpstarts Savings for Hospitals During Mergers and Acquisitions
 Swiss mergers and acquisitions thrived in 2016
 Mergers and acquisitions: No need to regulate the non-compete fee
 Sebi tightens rules for mergers & acquisitions among unlisted firms
 The 4 Biggest Trends In Mergers And Acquisitions For 2017
 How to keep calm and carry on during mergers and acquisitions
 Mergers & Acquisitions Advisory Global Market Briefing 2017
 Here Are the 5 Biggest M&A Deals of 2016

Reliance Infratel shareholders nod for merger of optic assets
June, 05th 2009

Shareholders of Reliance Infratel today approved the merger of optic assets of its parent Reliance Communications with the company, a move aimed at consolidating its telecom infrastructure business.

The company spokesperson told PTI that the shareholders of Reliance Infratel today approved the merger, which was convened by the Bombay High Court.

Last month, the meeting was held to approve the merger but was adjourned as a couple of investors had requested for additional time for completing their internal review process before giving their views.

"Accepting their request, the meeting was adjourned to be reconvened at a short notice," the company had said.

The spokesperson said all the seven global financial investors in the company approved the merger. Institutional (minority) investors own five per cent in RCom.

Earlier, Reliance Communication's (RCom's) shareholders approved the company's decision of de-merger of its optic fibre division, to facilitate its merger with Reliance Infratel.

RCom, the second-largest telecom operator in India, had said that with the proposed severance of business, leading to separation of telecommunications services and infrastructure, both Reliance Communications and Reliance Infratel would be able to focus on their core businesses.

It believes the demerger will help reduce set-up and operating costs resulting in cost efficiency coupled with greater financial flexibility.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions