No Share holding in Swan at that time of licence: Reliance Communications

No Share holding in Swan at that time of licence: Reliance CommunicationsRCom, India No second mobile operator, mentioned it had no share holding in non listed Swan Telecom at that time while the firm was granted licence to begin operations.

A govt audit statement has said Swan Telecom, that has since been acquired in to by the UAE’s Etisalat, was given a license even though a unit of RCom holding more than 10 % of equity, a violation of guidelines.

Reliance Communications mentioned it’s totally possessed unit was a 9.9 % share holder in Swan until December. 5, 2007, while Swan was provided licence on January. 10, 2008. The firm said it would present all appropriate info to solve the questions expressed by the auditor.

No Share holding in Swan at that time of licence: Reliance Communications, reliance communications share

Be Sociable, Share!
Tags: , ,

Stock Market Basics For Beginners

Annual Report

Annual Report Annual Report Created by the Company directors to its shareholders at the conclusion of every accounting years, Annual Report that contains Directors  statement outlining overview ...…

Market Capitalization

Market Capitalization The company market value is determined by multiplying its present stock value (market price) by the number of stocks in issue is known as market ...…

Bombay Stock Exchange Of India (BSE)

Bombay Stock Exchange Of India (BSE) Bombay Exchange Sensitive Index ( SENSEX) - the benchmark index of the Bombay Stock Exchange (BSE)  also called the "BSE 30", is a widely used ...…

Type of share (stock)

Type of share (stock) Stocks are divided into two types there are common stock and preference stock The common share (ordinary shares), which give the right to ...…

Definitions For Interest

Definitions For Interest When you take a loan, you are expected to pay for utilizing it - that is called as a Interest. Interest is actually money charged ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV