The subsidiary of Reliance Communications, Reliance Infratel, has got shareholders’ approval for demerger of its tower division into Towercom Infrastructure Private Ltd (TIPL).

RCOM has said in a statement that Reliance Infratel Ltd (RITL) has “approved with 98 percent majority the scheme of arrangement for demerger of the tower division of the RITL into Towercom Infrastructure Private Ltd.”

The statement further said that “The company’s telecom towers demerger into TIPL will be 100 percent owned and independently managed by Brookfield Infrastructure.”

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