Disclosure of Voting results of Court Convened Meeting (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Reliance Communications Ltd has informed BSE regarding the details of Voting results of Court Convened Meeting, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here
RCom shareholders approve merger with Aircel
RCom had announced it will merge its wireless telecom business with Aircel to create the country's fourth-biggest mobile phone operator Disclosure Of Voting Results Of The Tribunal Convened Meeting Pursuant To Regulation 44(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
We wish to inform you that at the Tribunal Convened meeting of the equity shareholders of the Company held on April 24, 2017 to consider and approve Scheme of Arrangement between Reliance Communications Limited ('the Demerged Company 1' or 'RCom') and Reliance Telecom Limited and Aircel Limited ('Resulting Company 1' or 'Transferee Company') and Dishnet Wireless Limited ('Resulting Company 2' or ' DWL') and Deccan Digital Networks Private Limited... Press Release
RELIANCE COMMUNICATIONS RECEIVES ITS SHAREHOLDERS' APPROVAL WITH 99.99% MAJOIRTY FOR THE DEMERGER OF WIRELESS BUSINESS INTO AIRCEL LIMITED Has R-Com disclosed enough on Aircel merger?
The proposed merger of telecom giants Reliance Communication(R-Com) and Aircel has triggered a debate over the kind of disclosuresnecessary on the valuation of companies.RCom, the listed firm belonging to Anil Ambani group,proposes to demerge its telecom business and transfer the same to Aircel. Afterthis, the company will own a 50 per cent stake in Aircel. As required underlaw, the Company has obtained a Valuation Report from an Independent Valuer anddisclosed the same. The court convenedmeeting to approve the proposal is coming up next week. Proxy advisory firmStakeholders' Empowerment Services (SES) is of the opinion that valuationreport is of little use as it fails to disclose the valuation (monetary value)of the Business and only gives the share exchange ratio of 1:1. "Shareholdersare at loss to understand from where suddenly the ratio is arrived. SES is ofthe view that valuation of each Company should be provided in the valuationreport and brought to the notice of the... Has RCom disclosed enough on Aircel merger?
The proposed merger of telecom giants Reliance Communication(R-Com) and Aircel has triggered a debate over the kind of disclosuresnecessary on the valuation of companies.RCom, the listed firm belonging to Anil Ambani group,proposes to demerge its telecom business and transfer the same to Aircel. Afterthis, the company will own a 50 per cent stake in Aircel. As required underlaw, the Company has obtained a Valuation Report from an Independent Valuer anddisclosed the same. The court convenedmeeting to approve the proposal is coming up next week. Proxy advisory firmStakeholders' Empowerment Services (SES) is of the opinion that valuationreport is of little use as it fails to disclose the valuation (monetary value)of the Business and only gives the share exchange ratio of 1:1. "Shareholdersare at loss to understand from where suddenly the ratio is arrived. SES is ofthe view that valuation of each Company should be provided in the valuationreport and brought to the notice of the... RCom-Aircel merger complicated', says proxy advisory
SES asks shareholders to vote against the move on grounds of insufficient info RCom, Aircel seek shareholders' approval as merger hits last lap
NCLT will hear companies' merger plea on April 24 Certificate Under Regulation 40(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Half Year Ended March 31, 2017.
In terms of Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Please find attached herewith a certificate dated April 12, 2017 issued by M/s. Ashita Kaul & Associates, Company Secretaries for the period from 1st October, 2016 to 31st March, 2017. Compliance Certificate Under Regulation 7(3) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
In terms of Regulation 7(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Please find attached herewith Compliance Certificate duly signed by the Compliance Officer of the Company and authorized representative of Karvy Computershare Private Limited, Registrar and Share Transfer Agent