Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has received approval for scheme of arrangement for transfer of its fibre undertaking, on a going concern basis, to a separate company. The company has also received approval for scheme of arrangement for transfer of its tower undertaking, on a going concern basis, to a separate company. The Board of Directors of the Company at its meeting held on December 11, 2018 has approved the same.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
