SUPREME COURT SAID NO TO JIO PROPOSAL

 

Mumbai,April 17,(globelmedianews.com):
The Supreme Court shocked Ambani brothers.Anil Ambani's buy Reliance Communication The Supreme Court has vacated Mukesh Ambani's 'Reliance Jio' proposal.The interim order was issued on the order issued by the 'Tribunal as a National Company' for sale of these assets.


SUPREME COURT SAID NO TO JIO PROPOSAL

The decision was taken by the Supreme Court, which examined the petition filed by HSBC Daisy Investments, a 4 percent stake in the Rcom Tower.In December last year, Reliance Communications had signed a contract with Wireless, Tower and Optic Fiber to sell Reliance jio for around Rs 24,000 crore.The tower and fiber assets are up to Rs 8,000 crore.The agreement was signed by Anil Ambani's HSBC Daisy Investments Company Tribunal.However, the Supreme Court has challenged the judgment of HSBC Daisy Investments, while the Apex court has stayed the tribunal's order.

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