Nokia welcomes Delhi High Court order, says many clearances still left - Economic Times

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(Nokia welcomes Delhi HC…)

NEW DELHI: Buoyed by the Delhi High Court's decision, Finnish handset maker Nokia today said it will now start the planned transfer of its Indian assets to Microsoft, but said various statutory clearances are required before the hand-over.

In a major relief to Nokia, the Delhi High Court today defroze the assets of the Finnish firm in India, including its Chennai manufacturing plant, paving the way for their sale to US-based software giant Microsoft. The court, however, imposed certain conditions on Nokia.

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