Reliance Projects & Property Management Services Limited agreed to acquire Reliance Infratel Limited from Reliance Communications Limited (NSEI:RCOM) for INR 44 billion on March 5, 2020. As on March 5, 2020, the plan was approved by the creditors committee of Reliance Infratel. As on December 3, 2020, National Company Law Tribunal approved the transaction. The Approval Order shall be binding on RITL, its employees, members, creditors, guarantors and other stakeholders involved in the Resolution Plan.