Equity component of Rs 25,215-crore Jio-Brookfield tower deal gets MHA nod

New Delhi: The ministry of home affairs (MHA) has approved the equity component of the ₹25,215-crore Reliance Jio-Brookfield tower deal, but has asked the Department of Telecommunications (DoT) to seek the Securities and Exchange Board of India’s (Sebi’s) view on the debt part of the transaction, possibly delaying the final clearance for some more time.

“The MHA has approved the equity part of the deal and now DoT has to seek Sebi’s opinion on the debt component,” a government official told ET. The ball thus has once again been lobbed back to Sebi, which had approved the deal last year and subsequently responded to MHA’s queries earlier this year. Government approval for the proposal has been pending since October.