RCom: Reliance Infratel, minority investors reach amicable settlement

The settlement will enable asset monetisation of Rs 80 billion as soon as the company exits the debt resolution process under NCLT

Anil Ambani-run Reliance Communications' (RCom's) tower and fibre arm Reliance Infratel Limited (RITL) on Tuesday reached an amicable settlement with its minority investors. 

Minority investors hold 4.26 per cent equity in RITL.  

The settlement paves the way for the vacation of the stay granted by the National Company Law Tribunal (NCLT) on the sale of RITL's tower and fibre assets.  

Further, the settlement will enable asset monetisation of Rs 80 billion (Rs 8,000 crore) as soon as the company exits the debt resolution process under NCLT.  

The National Company Law Appellate Tribunal (NCLAT) was on Tuesday scheduled to hear