NEW DELHI: Ending their long-standing dispute, Reliance Infratel and its minority shareholder HSBC Daisy Investments (Mauritius) on Friday submitted before the National Company Law Appellate Tribunal (NCLAT) their final consent terms of settlement for sale of tower and fibre assets.
Following this, the NCLAT bench disposed of the appeal filed by the Reliance Communications group firm, seeking permission to sell its tower and fibre assets. HSBC-led investors had alleged oppression of minority shareholders and caused a delay in sale of RCom’s assets to Reliance Jio Infocomm Ltd.
The consent terms between the parties was signed on June 15, 2018, informed senior advocate Salman Khurshid appearing for Reliance Infratel, the tower unit of RCom.
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