Mukesh Ambani group flagship company RIL, that has initiated the arbitration process against Anil Ambani group firm RCOM on its negotiations with South African MTN for a possible merger, on July 18 declined to comment on the collapse of the deal. RIL said that they have no comments to offer at this point. The negotiations between RCOM and MTN had hit a rough pocket last month when RIL claimed the first right of refusal on majority stake in ADA group company, which was perceived to be talking for a deal through share swap.
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