RoC told to scan Telenor's investment in Unitech

NEW DELHI: The corporate affairs ministry has asked the Registrar of Companies (RoC) to look into the books of Unitech Wireless to check for any anomaly in the 6,120-crore investment by Norway-based Telenor Group in the company. The communication dated September 13 also asks the RoC to see if the amount for which the stake was sold to Telenor was justified, official sources said.

Uninor, a JV between Unitech and Telenor, said it has not received any communication from the RoC regarding this, but it denied having sold any stake in Unitech Wireless.

“With regard to the question on scrutiny, since no such communication has been received by us, we cannot comment on speculations. However , on this subject itself, we have stated earlier too that the Telenor Group’s investment is in Unitech Wireless through new equity and not through any share sold by Unitech.”