Supreme Court lifts HC stay on RCom asset sale to Jio, no relief in NCLT case

Supreme Court lifts HC stay on RCom asset sale to Jio, no relief in NCLT case

2018-04-05T15:21:59+00:00 On

Anil Ambani Group’s Reliance Communications cleared a major hurdle for the sale of its assets to Reliance Jio with the Supreme Court lifting the stay imposed by the Bombay High Court on the transaction. However, there was no immediate relief for the…

RCom says will overcome Ericsson, Infratel challenges to Jio asset sale

RCom says will overcome Ericsson, Infratel challenges to Jio asset sale

2018-03-14T09:38:24+00:00 On

Anil Ambani-led Reliance Communications said it was confident of overcoming the twin legal challenges posed by shareholders in its tower subsidiary and one of the company’s unsecured creditors, Ericsson. The company is selling much of its spectrum, fiber, towers and other network…

Singapore’s GIC Realty looking to invest in Prestige Estates’ office business

Singapore’s GIC Realty looking to invest in Prestige Estates’ office business

2018-02-26T10:19:52+00:00 On

Bangalore-based real estate player Prestige Estates Projects said Singapore-based GIC Realty Pte Ltd, the country’s sovereign wealth fund, has signed a term sheet to explore the possibility of acquiring a ‘significant minority’ stake in the Indian company’s commercial buildings business. The term…

RCom confirms sale of telecom assets to Reliance Jio

RCom confirms sale of telecom assets to Reliance Jio

2018-01-08T18:35:52+00:00 On

Reliance Jio, the firm led by Mukesh Ambani, will walk away with most of the telecom assets of Reliance Communications, led by Mukesh’s brother Anil. Rcom said it has “signed definitive binding agreements with Reliance Jio Infocomm Limited for sale of Wireless…

RCom lenders get first round of bids for spectrum, fiber and assets – report

RCom lenders get first round of bids for spectrum, fiber and assets – report

2017-12-08T13:56:34+00:00 On

The lenders of Reliance Communications have got initial bids for the company’s assets from the three big telecom companies in India, CNBC TV18 reported, quoting banking sources. The Anil Ambani Group company is under the control of its lenders after it ran…

American Tower Corp buys towers of Idea and Vodafone in India for $1.2 bln

American Tower Corp buys towers of Idea and Vodafone in India for $1.2 bln

2017-11-13T09:32:53+00:00 On

Vodafone India and IdeaCellular Ltd said they agreed to sell their standalone tower businesses in India to the local unit of American Tower Corp for an aggregate enterprise value of Rs 7,850 cr (US $1.2 billion). In case the sale is completed…

RCom says still talking to Brookfield, others to sell towers

RCom says still talking to Brookfield, others to sell towers

2017-11-07T09:11:43+00:00 On

Reliance Communications said it is in talks with several parties, including Brookfield Asset Management, to sell its tower assets. “The Company is renegotiating the tower transactions with all the interested parties including Brookfield Infrastructure Group,” it said. The clarification comes after reports…

Reliance Infrastructure says sale of transmission assets to Adani on track

Reliance Infrastructure says sale of transmission assets to Adani on track

2017-10-09T15:06:19+00:00 On

Reliance Infrastructure Limited said it signed an agreement to transfer some of its transmission assets, under the Western Region System Strengthening Scheme (WRSSS), to two of its subsidiaries ahead of their sale to Adani Transmission Limited. In December 2016, RInfra has entered…

Reliance Industries sells Marcellus shale assets for $126 mln

Reliance Industries sells Marcellus shale assets for $126 mln

2017-10-07T08:04:58+00:00 On

Reliance Industries said it had signed agreements to sell all of its interest in certain upstream assets in north-eastern and central Pennsylvania, known as Marcellus shale. The assets, which are currently operated by Carrizo Oil & Gas, Inc., were sold to BKV…

Reliance Industries sells Marcellus shale assets for $126 mln

Reliance Industries sells Marcellus shale assets for $126 mln

2017-10-06T16:04:50+00:00 On

Reliance Industries said it had signed agreements to sell all of its interest in certain upstream assets in north-eastern and central Pennsylvania, known as Marcellus shale. The assets, which are currently operated by Carrizo Oil & Gas, Inc., were sold to BKV…

Reliance Communications sells its towers to Brookfield for $1.6 bln

Reliance Communications sells its towers to Brookfield for $1.6 bln

2016-12-21T13:01:34+00:00 On

Reliance Communications Ltd announced the signing of binding agreements with Brookfield Infrastructure for the sale of nationwide tower assets to Brookfield Infrastructure Partners LP and its institutional partners. RCOM will receive an upfront cash payment of Rs. 11,000 crore (US$ 1.6 billion)….

OnMobile sells speech recognition for Rs 4.7 cr as focus shifts to apps

OnMobile sells speech recognition for Rs 4.7 cr as focus shifts to apps

2016-01-07T14:20:49+00:00 On

OnMobile, one of the biggest providers of ring-back tones in the world, said it has decided to sell its speech recognition software for 650,000 euros, or about Rs 4.7 cr. The company said the sale was in line with its decision to…

Spectrum Trading norms to lead to exits — Airtel, Idea, Vodafone, Reliance Jio seen winning

Spectrum Trading norms to lead to exits — Airtel, Idea, Vodafone, Reliance Jio seen winning

2015-10-09T16:45:02+00:00 On

Spectrum trading is likely to lead to consolidation in the Indian telecom industry and four telecom operators — Bharti Airtel, Idea Cellular, Vodafone and Reliance Jio — are likely to emerge the winners — analysts said. “The industry could see emergence of…

Godrej Properties sells Puravankara Bangalore plot to Shubh Properties

Godrej Properties sells Puravankara Bangalore plot to Shubh Properties

2015-07-15T09:37:25+00:00 On

Godrej Properties Ltd said it has transferred majority ownership in a special purpose unit developing an 18-acre plot in Kanakapura to Shubh Properties Cooperatief U.A. — a joint venture between APG Groep N.V., Sparinvest Property Investors and Godrej Properties Ltd.. The plot…