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RCOM LOANS
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...- ED summons Reliance Group chairman Anil Ambani again in money laundering case: ReportEnforcement Directorate has summoned Reliance Group chairman Anil Ambani for questioning in a money laundering case. This follows the attac...
- Reliance Communications shares drop 2% on ‘fraud’ notice from Central Bank of IndiaReliance Communications shares fell after receiving a show-cause notice from the Central Bank of India proposing to classify Rs 400 crore o...
- BoB flags RCom loan accounts as fraud amid allegations of fund misuseBank of Baroda has declared Reliance Communications' loan accounts, along with Anil Ambani, as fraudulent due to alleged fund misutilisatio...
- Reliance Communications shares drop 3% after Bank of Baroda classifies Anil Ambani, RCom loan accounts as ‘fraud’Reliance Communications' shares dipped after Bank of Baroda declared the company's and Anil Ambani's loan accounts as fraudulent. RCom, cur...
- BoI declares RCom, Anil Ambani loan accounts fraudulentBank of India has declared Reliance Communications, its subsidiary Reliance Telecom, and Anil Ambani's loan accounts fraudulent, totaling ₹...
- Anil Ambani denies ‘fraud’ loan account allegations, says BoI has ‘selectively singled out’ himAnil Ambani denies allegations regarding Bank of India's classification of Reliance Communications' loan account, claiming he's being unfai...
- CBI books RCom, Anil Ambani in ₹3,000 cr SBI loan fraud caseThe CBI has filed a case against Reliance Communications, Anil Ambani, and unnamed public servants for allegedly defrauding State Bank of I...
- Anil Ambani-led Reliance units say SBI’s fraud tag on RCom loan has no impact on their operationsReliance Infrastructure and Reliance Power on Thursday said SBI’s classification of Reliance Communications’ loan account as fraud has no i...
- RCom loan fraud: The one Reliance company that failedReliance Communications, once a telecom giant, faced a steep decline due to debt and competition. State Bank of India has now flagged RCom'...
- Axis invokes pledge over 100% equity in RCom unit GIDC for non-repayment of loansRCOM holds 100% stake in GIDC through another subsidiary Reliance Webstore Limited (RWSL). In August 2016, RCOM and Reliance Infratel had a...
- RCom unit sold to third party for non-repayment of loansRCom held 100% stake in GIDC through another subsidiary Reliance Webstore Limited (RWSL). In August 2016, RCom and Reliance Infratel Limite...
- Anil Ambani’s evidence in case filed by Chinese banks incomplete: UK HCThree Chinese lenders had taken RCom chairman to court for allegedly failing to clear $680m dues
- 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.
- 'Running against time' to close Aircel deal: Reliance Communications to NCLTRepresenting the company, senior counsel told tribunal at a hearing that RCom is also in talks to address major lender China Development Ba...
- 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...
- Over 10 banks red flag Anil Ambani's Reliance Communications over missed loan paymentsMore than 10 local banks have red-flagged their loans given to the mobile operator which has suffered a loss of Rs 966 cr in the January-Ma...
- Reliance Communications promoters pledge 3.8 crore shares worth over Rs 190 crorePromoters of Reliance Communications have pledged 3.8 crore shares at an estimated value of Rs 190 crore before private banks.
- Reliance Communications gets Rs 3,000 cr as first tranche from China Development BankTerming the loan as the largest in the history of telecom sector, the company said the balance drawdown is expected shortly.
- RCOM raises Rs 3k cr from China bankThe firm has already received necessary approvals including that of RBI for the said amount, whose tenure is for 10 years.
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