Supreme Court halts RCom's tower assets sale to Jio
The Supreme Court has stayed an appellate tribunal's order allowing the sale of Anil Ambani-led Reliance Communications' tower assets to Mukesh Ambani's Reliance Jio. The court agreed to hear minority shareholder HSBC Daisy Investments' plea challenging the sale of assets of Reliance Infratel. The firm moved SC against the appellate tribunal's order allowing bankers to sell mortgaged tower assets.