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RCOM DEBT
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...- 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...
- RCom, Jio terminate asset sale agreement by mutual consentBoth the companies had entered into an agreement for sale of RCom's assets in December 2017.
- Bank of Baroda plans international auction of Rs 1,838 crore RCom debtBank of Baroda, it is learnt, has classified its RCom exposure as a NPA and will shortly invite EoIs from potential buyers keen to pick up ...
- RCom to go for insolvency as it fails to repay debtRCom has failed to sell assets to pay for its debt despite the passage of over 18 months.
- NCLT hearing in RCom case adjourned to JanuaryThe joint lenders forum managing the recast of RCom’s debt will have a meeting this month-end, the counsel representing them told the NCLT.
- RCom, GCX ratings unaffected by debt restructuring plan: FitchRcom said it has made a comprehensive "debt resolution plan to its domestic and foreign lenders".
- RCom debt may translate into 50% haircut for banks: Goldman SachsBanks face the prospect of haircuts or `loss on defaults' of up to 50% on Reliance Communications' debt, according to Goldman Sachs.
- NCLT to hear Ericsson's RCom insolvency petition on November 9Two months back, the court had rejected Ericsson’s right to object to admitting the merger application of Aircel and RCom as the amount it ...
- RCom scrapping merger plan with Aircel credit negative: Moody'sRCom and Aircel had in September last year signed a binding agreement to merge their mobile businesses.
- Rcom debt restructuring to be further delayed after Aircel merger collapse: Moody'sShares of Rcom fell nearly 13% to a record low, amid investor concerns over the Anil Ambani-owned carrier’s to repay debt after the collaps...
- NCLT approves Reliance Communications-Aircel merger, Brookfield dealThe NCLT also allowed Reliance Communications (RCOM) tower arm 51 per cent stake sale to Brookfield for Rs 11,000 crore.
- Saddled with NPAs, worried banks looking at ways to solve RCom's loan repayment woesIf RCom's debt turns into NPA, it will add to the already massive burden on the banking system, which is grappling with stressed loans of m...
- Will clear Rs 25,000 crore debt by September 30: Reliance Communications tells lendersRCom said that the Rs 25,000 crore that it plans to pay will cover not only all scheduled repayments, but also include substantial pre-paym...
- Fitch downgrades RComm credit rating to B+"Fitch Ratings has downgraded India-based Reliance Communications Limited's (RCom) Long-Term Foreign- and Local-Currency Issuer Default Rat...
- Post Aircel merger, Reliance Communications says focus now on tower dealGurdeep Singh, chief executive-consumer business at RCom, didn’t talk about specifics related to tower deal, but said the company was focus...
- RCom looks to cut debt by 75 pc with Aircel, tower dealRCom and Aircel talks, if successful, would lead to a combined entity holding 19.3 per cent of the total spectrum allocated to the industry...
- Reliance Communications, Aircel and Sistema begin talks for three-way mergerThe first phase of the broader deal could see MTS merge into RCom through a share-swap arrangement, talks for which are at an advanced stage
- Anil Ambani's debt ridden RCom can draw comfort from Reliance Jio dealHowever, analysts reckon that the latest deal may not lead to a re-rating of the company's stock as even after the contracts, its debt will...
- RCom-GTL tower deal: Rise in tenancy ratio to ring in future successThe deal between Reliance Communications (RCOM) and GTL Infrastructure (GIL) to merge their telecom tower businesses will provide immediate...
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