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Reliance Jio to acquire wireless infrastructure assets from Reliance communications

Mumbai : Reliance Jio Infocomm Limited (“RJIL”), a subsidiary of Mukesh Ambani controlled Reliance Industries Limited (“RIL”), today announced signing of definitive agreement for the acquisition of specified assets of Reliance Communications Limited (“RCOM”) and its affiliates. An asset monetization process for RCOM assets was mandated by the lenders of RCOM,who

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Vedanta to acquire controlling stake in Japanese firm AvanStrate

London : The Board of Directors of Vedanta’s wholly owned subsidiary, Cairn India holdings Limited (CIHL), have approved an investment of c.US$158 million in Japanese manufacturer for LCD glass substrate AvanStrate Inc. (ASI), currently  majority owned by the Carlyle Group.   The transaction consists of three elements: •         An acquisition of c.US$152 million in

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