Reliance Communications Said The Shareholders Approved The Monetisation

Reliance Communications said the shareholders approved the monetisation of its assets. The company announced the results of postal ballot on February 15, 2018,

whereby the shareholders approved the resolution to monetise the spectrum, towers, fiber, telecom infrastructure and other assets with overwhelming majority of 99.91 percent.

"RCom's asset monetisation is proceeding on fast track to close by March 2018, subject to lenders’ consents and other regulatory approvals," the company said.

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