Reliance Infratel buyout on the rocks
The Carlyle Group and The Blackstone Group’s proposed buyout of Reliance Communications’ telecoms tower unit looks to be in a state of limbo as the Indian firm said the sale can only proceed following clarification from the regulatory authorities.
Despite having signed a term sheet to buy up to 95% of Reliance Infratel for INR150-200 billion ($3-4 billion) in February, the Reliance management has stalled the process by waiting on regulatory guidance...
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