Updation on Reliance Infratel Stake Sale
With reference to the earlier letters dated May 06, 2015, May 20, 2015 & June 29, 2015, Reliance Communications Ltd has now informed BSE that the formal process for sale of a controlling 51% stake in Reliance Infratel was launched a few weeks back, and got a very positive response.The Company has received indicative non-binding bids from a number of interested buyers, and has short-listed a smaller number of very credible interested parties to progress to the next round of the process....17-08-2015