The two had agreed that in case Docomo exits the venture within five years, it will get a minimum 50 per cent of its investment. But the Reserve Bank of India ruled that the option was not valid and payment would have to be at a fair market value. "There is a judicial process that is underway and we need to pay due heed to the laws that bind us all. Docomo is unfortunately confusing our intent to pay with what is legally payable by us. Monday is the deadline to appeal against the enforcement of the award in London.

Source: Economic Times September 04, 2016 20:02 UTC