All the top telecom firms, including Airtel, Vodafone, Idea, Aircel, RCom and Tatas would be participating in the e-auction process, the first of its kind in the world, to acquire 3G spectrum for which the auction begins on April 9.
The telecom department has sent a letter of intent to NM Rothschild.
The world's largest mobile operator by revenue has begun the year on a bold note, backing the initial public offer plans of its Indian unit and sources say the ball has already been set rolling.
According to the agreement, RIL will transfer its existing textile business under the Vimal brand into a newly incorporated company in which RIL will hold 51 per cent stake. The remaining 49 per cent stake will be sold to Ruyi.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances