2017
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Who merger with Aircel and got approval from National Company Law Tribunal?
|
|
Reliance Communication
|
|
|
Vodafone
|
|
|
Bharati Airtel
|
|
|
Idea
|
Explanation:
Detailed explanation-1: -NCLT approves Reliance Communications-Aircel merger, Brookfield deal.
Detailed explanation-2: -Jio deposited Rs 3, 500 crore in an SBI escrow account to complete the acquisition of RCOM’s tower and fibre assets. The acquisition was completed after a delay of two years, after creditors for RITL stalled the process by engaging in a legal battle over the distribution of resolution funds.
Detailed explanation-3: -At the time of making application for insolvency, Aircel had an outstanding debt of Rs 15, 000 Crores and was incurring losses of Rs 100 – 150 Crores due to reduced market share and tariff prices.
There is 1 question to complete.