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