Hello and welcome to the Current Affair's Portal of ExamPundit.in. Reliance Communications today said it has received approvals from markets regulator SEBI and the stock exchanges for proposed demerger of its wireless business into Aircel Ltd.
Pursuant to the same, Reliance Communications has filed an application with National Company Law Tribunal (NCLT), Mumbai Bench, for approval of the said Scheme.
The proposed transaction is subject to other necessary approvals.
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