"All requisite government and regulatory approvals, consent and permissions for effecting the consolidation have been obtained," the company said in a statement on Friday.
According to the shareholding pattern, the shareholders of Hutchison Essar (Delhi), Fascel (Gujarat), Hutchison Telecom East (Kolkata), Hutchison Essar South (Andhra Pradesh, Karnataka, Chennai, Punjab, UP West and West Bengal) and Aircel Digilink (UP East, Rajasthan and Haryana) have transferred all their shares in the companies to HMTL.
The process would make HMTL the holding company for all the cellular operations of the Hutchison Essar group.
It is planned to rename HMTL as Hutchison Essar at the earliest. The new consolidated company will be better placed to access the debt and equity markets in India, the release said.
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