Reliance Communications has informed that the Board of Directors of the Company at its meeting held on June 24, 2016, has approved a Scheme of Arrangement between the Company and Reliance Telecom Limited (RTL), a wholly owned subsidiary of the Company, for demerger of Telecom Undertaking consisting of 5 License Service Area of RTL into the Company, subject to requisite approvals.
The above information is a part of company’s filings submitted to BSE.