Reliance Jio To Acquire Assets Of Reliance Communications - RComm debt to come down to 6000 crore after some other real estate sales

Mukesh Ambani’s Reliance Jio announced a deal on Thursday to acquire younger brother Anil Ambani-owned Reliance Communications’s (RCom’s) wireless infrastructure assets, including towers and spectrum, at an estimated price of Rs 20,000-24,000 crore. The historic deal between the brothers came on their father Dhirubhai Ambani’s 85th birth anniversary. The two companies have signed binding agreements and the proceeds would be used to pre-pay RCom’s...

Rakesh Jhunjhunwala Success Story - Video

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