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NO LIABILITY ON RCOM DUE TO INDIAN SC ORDER ON LIMITED MOBILITY.
NEW DELHI, May 1 Asia Pulse - Faced with a liability to pay about Rs 4 billion (US$98.91 million) levy to BSNL, India's Reliance Communications (BSE:532712) on Wednesday said it will not put any additional burden on the company as it has been taken care of in the previous years.
"The case pertains to the period 2002-03, prior to the Corporate reorganisation of Reliance Communications and has been fully provided for in the previous fiscals. There is no additional liability on the company following the judgement", a RCOM Spokesperson said here.
The Supreme Court on Wednesday held Tata Teleservices (BSE:532371) 'Walky' and Reliance Communication's (formerly ...
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Source: HighBeam Research, NO LIABILITY ON RCOM DUE TO INDIAN SC ORDER ON LIMITED MOBILITY.