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Tech Mahindra To Acquire Zen3 Infosolutions For Rs. 460 Crore In All-Cash Deal

Tech Mahindra To Acquire Zen3 Infosolutions For Rs. 460 Crore In All-Cash Deal

Submitted by • February 25, 2020 www.communicationstoday.co.in

GAIL India is in talks with non-telecom public sector undertakings (PSUs) to take a common legal recourse in the controversial adjusted gross revenue (AGR) issue. Among the companies it is in discussions with are Oil India (OIL) and Power Grid Corporation (PGCIL).Earlier this month, the Supreme Court had directed the transmission major to approach the appropriate forum regarding the issue.The department of telecommunications (DoT) had raised a demand of Rs 1.83 trillion from the company towards annual licensing fee, including interest and penalty of AGR. If the amount has to be paid, it will significantly affect the Rs 1 trillion capital expenditure plan the company has lined up for the next five years.

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