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CNIL DEBT
CBI files FIR against GTL Infra, unidentified officials in connection with an alleged fraudThe Central Bureau of Investigation (CBI) has registered a first information report (FIR) against Mumbai-based telecoms infrastructure prov...- Why it won't be a happy new year for India's telecom sectorMore bloodletting is inevitable in the sector left bleeding by Jio's onslaught. Job losses will pile up and rationalisation will continue.
- Bain-Piramal, Aion among 4 in race to buy 58% stake in GTL InfrastructureThere are 16 lenders to GTL Infra - including SBI, IDBI, United Bank of India and Dena Bank - and they are expecting Rs 10,000 crore from t...
- Tower companies pare service to RCom on rental defaultsIn June, RCom entered into a strategic debt restructuring, under which it has till December for a solution, after which lenders can initiat...
- Tower operators reducing service to Reliance CommunicationsThe telco has mooted alternate plans which include sale of towers, fibre, spectrum, and real estate assets, which could generate over Rs 25...
- RComm to monetisate tower, fibre & real estate assets and optimise spectrum portfolioRComm’s Punit Garg explains why merger talks with Aircel broke down
- Vested interests led to broken deal: Punit Garg, Executive Director, RCOM"We are in deep discussions with Brookfield, but now the Aircel angle is not there because of which the value will be different. Deal is ce...
- We support RCom-Aircel merger, but timely payments are a concern: Manoj Tirodkar,Chairman, GTL groupAircel itself has had turbulent times along with the Indian telecom space and I admire Kaizad Heerjee (Aircel CEO) for their effective turn...
- Global and domestic PE majors, asset management companies show interest in GTL InfrastructureAfter the merger of CNIL and GTL Infra and restructuring of bonds, Global Group is expected to have around 27% holding and 23 banks will ha...
- GTL Infrastructure to go under the hammer as early as February next yearThe auction, to be led by Ernst & Young, will entail conversion of Rs 3300 crore of debt into equity.
- GTL, GTL Infra gain on debt restructuring plansShares of GTL Ltd & GTL Infra, surged over 10% in early trade on reports lenders have finally approved the debt restructuring plan for GTL ...
- IFCI's move on 17 crore escrowed GTL Infrastructure shares illegal: Delhi High CourtThe court also termed as illegal the sale of around 5.05 lakh shares of GTL infrastructure by IFCI during July 18 to August 4, 2011 in open...
- GTL Infra to raise Rs 3,500 cr via equityGTL Infrastructure is looking to raise up to $800 million, or Rs 3,500 crore, by issuing fresh shares and through the sale of treasury stoc...
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