RCom Debt Reduction

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December 26th, 2017 7:12 PM 1 COMMENTS

RCom Exits SDR Framework; Says Asset Monetisation to Reduce Debt by 85%

Reliance Communications (RCom)said that it has exited Reserve Bank of India’s strategic debt restructuring (SDR) framework with zero equity conversion and zero loan write-offs for lenders and bondholders, and it is along with its lenders is now monetising valuable assets which will help it to reduce debt to Rs 6000 crore or 85% of the total debt. "I am delighted with the comprehensive resolution for the benefit of all stakeholders... Read More

June 14th, 2017 6:16 PM 26 COMMENTS

Anil Ambani to Draw No Salary or Commision from Reliance Communications in Current Financial Year

Reliance Communications (RCom) has been under immense pressure due to ongoing events in the Indian telecom sector. The telecom operator led by Anil Ambani is not able to match the current low-cost tariffs scenario created by Reliance Jio in the market, followed by the India's top three telecom operators and state-run operator BSNL. The new development in the company is that the Chairman of... Read More

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