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SISTEMA RCOM STAKE
Sistema sells its 10 per cent stake to exit Reliance CommunicationsSistema JSFC took a call to exit RCom after the beleaguered telco recently got embroiled in insolvency proceedings, a person with direct kn...- Sistema JSFC reluctant to buy RCom’s subsea cable arm GCXSistema JSFC is now keen to buy only RCom’s enterprise business and the nine data centres, which are collectively valued at about $600 mill...
- Sistema bids highest for remaining assets of RCom, offers $1.5 bnSistema JFSC’s bid stands at $1.2 billion (Rs 7,800 crore) in addition to about $300 million (Rs 2,000 crore) that Reliance Communications ...
- Sistema Shyam telecom biz merges with Reliance CommunicationsThe completion of SSTL merger gives a breather to RCom which is planning to shut down its loss-making wireless telephony business by Novemb...
- Reliance Communications gets Rajasthan High Court approval for Sistema acquisition"Hon'ble Rajasthan High Court has today sanctioned the Scheme of Arrangement (scheme) between SSTL and the Company on the petition filed by...
- DoT's approval for SSTL-RCOM merger likely in Q4: SistemaThe Russian conglomerate, however, expects statutory approvals from the Rajasthan and Bombay High Courts next month for the ongoing merger ...
- DoT nod for SSTL merger with RCom likely in 4Q, 2016: SistemaThe Russian conglomerate, expects statutory approvals from the Rajasthan and Bombay High Courts next month for the ongoing merger process.
- Sistema to seek nod afresh to up foreign holdingSSTL’s comments come amid news of the FIPB rejecting its application to increase foreign holding beyond 74 per cent for a second time.
- Reliance Communications shareholders approve SSTL mergerReliance Communications said itgs shareholders have approved the proposal for merger of Sistema Shyam Teleservices with the company.
- High Court admits RCOM-SSTL merger applicationRCOM is, therefore, finalizing a notice of the above meeting to be sent to its shareholders and taking necessary action in the matter, the ...
- Reliance Communications to apply for MTS merger with 2 high courtsReliance Communications Thursday said that it, along with SSTL, will shortly apply to the HCs of Bombay and Rajasthan to clear their merger.
- Reliance Communications gets green signal from bourses on Sistema dealRCom today said stock exchanges BSE and NSE gave their go-ahead to its deal to acquire Russian conglomerate Sistema's Indian telecom unit, ...
- SSTL names Ilya Kosolapov as chief finance officerSSTL has named Ilya Kosolapov as CFO who takes over at a time the Indian unit of Russia's Sistema JSFC is speeding up its merger with Relia...
- Market cheers RCOM-Sistema merger; RCOM stock ends 6.2% higher at Rs 79.90 on BSEThe market cheered the deal, with RCOM’s stock surging nearly 8% intra-day before ending 6.2% higher at Rs 79.90 on the BSE, outpacing a ne...
- RCOM, Sistema to merge in all-stock deal; SSTL to get around 10% stake in combined entityReliance Communications is merging the telecom business of Sistema Shyam Teleservices (SSTL) with itself in a cashless deal worth around Rs...
- Anil Ambani-led Reliance Communications mulls merger with Sistema Shyam's MTSThe firms had entered into talks in May for a possible merger of their operations via a stock swap, where MTS could get a stake of 8-10% of...
- American Tower Corporation, private equity firms on Reliance Communications shortlist for Reliance Infratel stakeWhile RCom didn’t name any of the shortlisted bidders, it said that it had received indicative non-binding bids from a number of interested...
- Reliance Communications shares reverse early gains on profit-bookingRCom will offer shares in the company to Sistema Shyam TeleServices in return for acquiring spectrum and customers in nine telecom circles ...
- Reliance Communications in exclusive merger talks with Sistema Shyam through a stock swap"The discussions are indicative and non-binding in nature, and remain subject to due diligence, definitive documentation and approvals," RC...
- Reliance Communications in talks to buy Sistema Shyam in all-stock dealAnil Ambani-owned telco seeks to take over rival CDMA brand MTS without its liabilities, but current M&A rules and legal requirements make ...
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