High Court admits RCOM-SSTL merger application.

Industry:    February, 2016

The Bombay High Court has admitted the application for merger between Reliance Communications (Rcom) and Sistema Shyam Teleservices Ltd. (SSTL), the telecom unit of Russia’s Sistema JSFC. “The Hon’ble Bombay High Court has directed RCOM to convene a Court-Convened Meeting of Reliance Communications’ shareholders on Tuesday, 8 March 2016 at 11 am,” Anil Ambani-owned Rcom said in a statement Monday. RCOM is, therefore, finalizing a notice of the above meeting to be sent to its sh .. Read more at: http://economictimes.indiatimes.com/articleshow/50895983.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst