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Reliance Projects and Property Management Services, a subsidiary of telecom major Jio, has completed 100 per cent stake acquisition in Reliance Infratel for about Rs 3,725 crore, Reliance Industries Limited said on Thursday. Mukesh Ambani-Led Jio Acquires 100% Stake in Reliance Infratel for About Rs 3,720 Crore.
Billionaire Mukesh Dhirubhai Ambani-led Jio placed a bid of Rs 3,720 crore in November 2019 to acquire the tower and fibre asset of debt-ridden subsidiary of his younger brother Anil Ambani-managed firm Reliance Communications.
Billionaire Mukesh Dhirubhai Ambani-led Jio placed a bid of Rs 3,720 cr in Nov 2019 to acquire the tower and fibre asset of debt-ridden subsidiary of his younger brother Anil Ambani-managed firm Reliance Communications
Reliance Projects and Property Management Services, a subsidiary of telecom major Jio, has completed 100 per cent stake acquisition in Reliance Infratel for about Rs 3,725 crore, Reliance Industries Limited said on Thursday.
In November 2019, Ambani placed a bid of Rs 3,720 crore to acquire tower and fibre assets of the debt-ridden subsidiary of his younger brother Anil Ambani-managed firm Reliance Communications. Reliance Infratel is the holding company for tower and fibre assets of RCom.