Reliance Infratel arrives at amicable settlement with minority investors

Reliance Infratel, a subsidiary of RCOM has informed the Hon'ble NCLAT on 29 May 2018 that an amicable settlement has been arrived at between it and minority investors holding 4.26% equity in the Company, and consent terms will be filed shortly.

The settlement with the minority investors paves the way for vacation of the stay granted by the NCLT on the sale of RITL's tower and fibre assets, and will enable the Company to proceed with asset monetisation of Rs. 8,000 crore as soon as the Company exits the debt resolution process under NCLT, for which its appeal, supported by all its lenders, is fixed for hearing on 29 May 2018 before the Hon'ble NCLAT.

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