Reliance Communications merger with Aircel got National Company Law Tribunal

Posted on:16 Aug 2017 12:40:13
Reliance Communications merger with Aircel got National Company Law Tribunal
16 August 2017 Current Affairs: The National Company Law Tribunal approved the merger of Reliance Communications (RCom) and Aircel.

RCom will merge into Aircel and a new entity will be created called Aircom, with both partners having 50% equity stakes.

The new company will have earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 15,000 crore based on current trends.

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