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RCOM SUBSIDIARIES
Two Reliance Communications units to sell properties, including DAKC“…the board of directors of two wholly owned RCom subsidiaries, RRL and CPL (referred to as `selling companies’) have vide their respective...- 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...
- Committee of creditors extends RCom's asset bid deadline by 10 daysBharti group and private equity firm Varde Partners have submitted their bids for assets of RCom. The deadline extension was granted in ant...
- RCom subsidiary files for bankruptcy in USGlobal Cloud Xchange has missed payments on $350 m of 7% bonds that matured in Aug
- Moody's downgrade ratings of RCom subsidiary GCXThe rating downgrade on GCX's corporate family rating to Ca from Caa1 follows the payment default on the company's USD 350 million 7 per ce...
- NCLAT to decide over insolvency plea of RComRCom has pleaded the tribunal to go ahead with insolvency proceedings against it as it is unable to pay dues to its lenders.
- NCLAT adjourns RCom's plea for insolvency to March 6RCom even failed to sell spectrum to Mukesh Ambani's Reliance Jio, a deal that was expected to bring some relief to the cash-strapped compa...
- NCLAT asks Ericsson to file objection over RCom's plea for insolvencyThe appellate tribunal has directed to list the matter on February 12 for orders.
- Lenders to oppose NCLT decision to start RCom bankruptcy proceedingsRCom and its two units opposed the NCLT order, saying the Swedish company was an operational creditor.
- NCLT admits Ericsson's bankruptcy plea against RCom, subsidiariesReliance Infratel, the tower subsidiary of Rcom, is also battling HSBC Daisy Investments & other minority shareholders opposing sale of the...
- Reliance Communications to challenge Ericsson's insolvency petitionEricsson has also filed similar petitions against RCom subsidiaries, Reliance Infratel and Reliance Telecom, for recovery of Rs 534.75 cror...
- Moody's lowers RCom unit GCX's bond ratingLast Saturday, RCom posted its first ever annual loss since its inception - of Rs 1,285 crore.
- 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.
- Board okays demerger of Reliance Telecom's circles into Reliance CommunicationsThe move is also aimed at consolidating all of RCom's wireless business under one entity to be demerged at a later date and merged with Air...
- RCom slips, GTL Infra gains on failure of merger dealReliance Communications took a beating while GTL Infra erased its early losses to settle in the green on BSE after both cos called off merg...
- RCom approaches TDSAT against DoT's refusal for GSM spectrumAnil Ambani-led Reliance Communications has moved telecom tribunal TDSAT against the government over non-allotment of GSM start-up spectrum...
- DoT all set to bring RCOM book under CAG scannerDoT is set to ask the CAG to appoint a special auditor to examine the books of Reliance Communications.
- RCOM diverting mobile revenues, says TRAITRAI has endorsed an accusation that Reliance Communication has been passing its mobile revenues as income from subsidiaries. Nokia N97 | S...
- Govt clears ADAG's tech SEZ in MahaThe Anil Dhirubhai Ambani Group (ADAG) has received the go-ahead from the Maharashtra government and Maharashtra Industrial Development Cor...
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