FIPB clears Russian government's proposed stake acquisition in SSTL
December 15, 2009
The Foreign Investment Promotion Board (FIPB) has cleared the Russian government's proposal to acquire a 19.8 per cent stake in Sistema Shyam TeleServices Limited (SSTL) for about Rs 30 billion.
The proposal has already been cleared by the communications and IT ministry as well as the commerce ministry.
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