Telecom operator Sistema Shyam Teleservices Ltd shareholders approve merger

Q.  Shareholders of telecom operator SSTL have approved the merger of the company with which corporate group?
- Published on 21 Mar 16

a. Reliance Industries Limited
b. Reliance Communications
c. Aditya Birla Nuvo Group
d. TATA

ANSWER: Reliance Communications
 
Shareholders of telecom operator Sistema Shyam Teleservices Ltd which runs the MTS brand approves merger of the company with Reliance Communications in a meeting convened by the Rajasthan HC. Earlier this month, RCom shareholders have also approved the merger scheme. Deal between RCom and SSTL is valued at USD 690 million and is expected to close in second quarter of 2016.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲