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RCOM ASSET SALE
Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...- CBI registers fresh case against Reliance Communications, Anil AmbaniThe CBI has registered a fresh case against Anil Ambani and Reliance Communications for allegedly causing a loss of ₹3,750 crore to Life In...
- Airtel, Infratel among 6 bidders for RCom assets; Jio stays awayJio is said to have asked RCom’s RP for a 10-day extension of the Nov 11 deadline for submission of bids.
- Supreme Court blames Jio for RCom spectrum sale failureMeetings between the three parties did not break the stalemate and RCom in many court hearings blamed DoT for creating barriers in its asse...
- Supreme Court grants Reliance Communications till Dec 15 to pay EricssonThe court has also directed that RCom will have to pay Ericsson an additional payment, calculated at 12% per annum of the due amount for no...
- Ericsson settlement deal row: RCom seeks 60 days more for payment citing pending spectrum saleRCom maintained it has already filed an application on September 28 in the apex court seeking extension of time for making payment to the S...
- Ericsson files contempt plea against Anil Ambani over duesSwedish co moves SC after rejecting RCom’s request for 60-day extension to deadline.
- Reliance Communications moves TDSAT against DoT demandDoT had written to RCom last week, asking it to furnish around Rs 3,000 crore as spectrum usage charges.
- Supreme Court allows RCom to sell assets to Reliance JioThe apex court ruling removes any doubts on the progress of RCom’s wireless asset sale to Reliance Jio.
- Reject Reliance Communications' plea to quash insolvency proceedings: EricssonAccording to legal sources, RCom needs to complete the asset sale by August 27, otherwise it will be pushed back into insolvency again.
- SBI-led lenders ask NCLT to dismiss Ericsson insolvency plea against Reliance CommunicationsIn a bid to speed up the asset sale, RCom’s lenders recently also agreed to pay the Rs 774 crore that the telco owes the department of tele...
- Supreme Court stays NCLAT order that allowed Reliance Communication to sell tower assetsThe apex court on Monday agreed to hear the plea of HSBC Daisy Investments and some other minority shareholders who have about 4% stake in ...
- NCLAT vacates stay on Reliance Infra’s tower, fibre saleThe order comes a day after the SC gave a partial relief to RComm on Thursday, allowing it to sell most of its assets to Mukesh Ambani-owne...
- Supreme Court lets Reliance Communications sell spectrum & realty to Reliance Jio to pare debtRCom in December signed agreement with Reliance Jio to sell spectrum, mobile towers, fiber network and Media Convergence Node (MCN).
- Supreme Court order upsets Reliance communication lendersState Bank of India had moved to Supreme Court on Wednesday, challenging a tribunal’s order allowing Ericsson to stake a claim on RCom’s co...
- Supreme court orders Status Quo on RCom assets saleIn view of intervening court holidays on march 29 and 30, the matter has been fixed for hearing in the following week on Thursday, April 5
- Supreme Court orders status quo in RCom's asset sale to R-JioRCom had moved the apex court after the Bombay High Court dismissed its appeal to set aside an interim order by an arbitration tribunal to ...
- Confident about expeditious completion of asset sale plan: RComThe comments follow the Supreme Court order earlier in the day that status quo be maintained on RCom's sale of certain assets to Reliance J...
- Another setback for Anil Ambani, NCLT stays sale of Reliance Infratel assetsThis is the second hurdle for RCom in its attempt to cut Rs 45,000 crore of debt. An arbitration tribunal stalled RCom’s asset sale plan on...
- Reliance Communications says hasn't paid NCD principle due to Feb 7 amid wireless asset saleThe Anil Ambani company in a regulatory filing Friday said that the company is in the midst of asset monetisation and is working "expeditio...
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