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March 15 (Reuters) - Reliance Communications Ltd
* Says Reliance Communications receives stock exchange and SEBI approvals for proposed demerger of wireless business into Aircel Ltd
* Says post closing, the company and the present shareholders of AIRCEL LIMITED will hold 50% each in Aircel Limited.
* Says files application with National Company Law Tribunal for approval of proposed demerger of wireless business into Aircel Source text: bit.ly/2nD5Do6 Further company coverage: