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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.
According to sources, the company has deposited Rs 3,720 crore in the escrow account of the State Bank of India (SBI).In N
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.