NCLAT dismisses I-T dept plea against Reliance Jio on demerger of tower, fiber units

The Ahmedabad-bench of National Company Law Tribunal (NCLT) had earlier this year granted permission to the composite scheme of arrangement, through which two companies were proposed to be demerged -- Jio Digital Fibre Pvt Ltd and Reliance Jio Infratel Pvt Ltd. This was opposed by the IT department by challenging it before the NCLAT.

from Markets-Economic Times https://ift.tt/2Ms2KFE