02 Jun 2010
(MENAFN) The Times of India reported that Emirates Telecommunications Corporation (Etisalat) is in advanced talks to buy a quarter of Indian mobile carrier Reliance Communications for $3.8 billion.
If the deal is finalized, Etisalat will make an open offer to acquire an additional 20 per cent stake in the second largest Indian mobile operator from the public, the Times of India said, citing market sources.
The equity capital of Reliance Communications would expand by 25 percent if a deal is done, and would reduce the stake of its billionaire owner, Anil Ambani, to about 55 percent from 67.58 percent.
The equity capital of Reliance Communications would expand by 25 percent if a deal is done, and would reduce the stake of Anil Ambani, to about 55 percent from 67.58 percent, the paper said.
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more