Pointing out to the 133-acre Dhirubhai Ambani Knowledge City on the outskirts of the financial capital, he said there is huge realty play opportunity that RCom's erstwhile corporate headquarters possesses, and pegged the potential value creation at the site at Rs 25,000 crore.
The restraint on part of investors was chiefly because of RBI's minutes of its December policy meeting, which showed that some members were concerned about rising oil prices, its inflationary impact and possibility of fiscal slippage.
Credit Suisse said if the deal fructifies, then this will bring together the largest offline and online retailers in India.
Telecom Minister Ravi Shankar Prasad said that there were 31 complaints of call drops against the company in 2015
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The existing shareholders will get one RPL share for each RCom share (of Rs 130 market price) held.
The Telecom Regulatory Authority of India (Trai) has given its recommendations on the much-awaited issue of spectrum sharing.
Nokia, that has already begun manufacturing of 5G equipment at its Chennai plant, is also readying for exporting the products to several key markets like the US.
Trai chairman Rahul Khullar says concept not practised strictly even in countries like the US and the UK.
DoT committee rejects most Trai suggestions for freeing airwaves for sale.
The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a communication from the commerce ministry seeking "necessary action" against e-commerce players like Amazon and Flipkart pertaining to certain multi-brand retail businesses and an observation made by the Delhi High Court in relation to Amazon.
