Following MERC's approval, the transaction, with a consideration value estimated at Rs 18,800 crore, is expected to be closed in July.
The development comes after MERC concluded its hearing into the matter and reserved its order on June 14.
Reliance Infrastructure Ltd. has already received the approval of the Competition Commission of India (CCI) and its shareholders for the deal.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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