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RCOM DEFAULT
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...
- Sebi slaps Rs 1 crore fine on CARE Ratings in RCom caseThe case relates to RCom’s default on the repayment of almost Rs 385 crore in early 2017.
- Jio says RCom sharing deal stands, won't be affected in case deal stopsThe DoT served a show cause notice to RCom for defaulting on Rs 21 crore in spectrum dues. RCom, the operator under a debt of Rs 46000 cror...
- RCom shares extend losses, crack 5%The DoT has served a show-cause notice on RCom for defaulting on the Rs 21-crore spectrum payment.
- Post default, DoT lens on RCom-Jio spectrum dealDoT feels airwaves can’t be shared or traded in circles where there has been payment default.
- Reliance Communications, Ericsson in talks to settle dues outside NCLTA third person said that the latest settlement amount being discussed is around Rs700 to Rs800 crore, after Ericsson rejected an initial of...
- Fitch downgrades GCX on refinancing risksFitch on Tuesday downgraded GCX’s issuer default rating to CCC from B-, while the one on the $350- million secured notes due 2019 was lower...
- RCom plunges 7% after PR firm files insolvency case, Fitch withdraws ratingThe NCLT plans to hear the case on December 19.
- '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...
- Reliance Communications rejects Moody’s, Fitch rating downgrades“In actual fact, the same (pact with lenders) directly addresses their (ratings agencies) key concerns about the short term liquidity situa...
- Reliance Communications rejects rating downgrades by Moody's, FitchThe company said that in May 2015, it had issued 6.5 per cent coupon bearing USD bonds, maturing in November 2020, for an aggregate amount ...
- RCom drops 4% as Fitch, Moody's slash rating againThe ratings were cut for the second time in the span of a week, even as the telecom firm received a seven-month respite from bankers on rep...
- Moody's, Fitch slash RCom ratings again"Moody's Investors Service has downgraded RCom corporate family rating and senior secured bond rating to Ca from Caa1. The outlook is negat...
- Fitch downgrades RCom, says co's business model compromisedRCom’s earnings before interest tax depreciation and amortisation (EBITDA) declined by 30% to Rs 4,900 crore in the financial year to end-M...
- 4 things that will be playing on Anil Ambani's mind tomorrow when he talks about RComRCom posted its first yearly loss since its inception of Rs 1,285 crore for fiscal gone by as against a net profit of Rs 660 crore when com...
- 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...
- Ratings agencies downgrade RCom, shares hit new lowMOODY’S cuts debt ratings to Caa1 from B2, suggesting very high risk of default; ICRA & CARE lower grading of debt several notches.
- 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...
- RCom rating on review for downgrade despite tower deal: Moody'sThere is still a lack of clarity on the cash flow generating capabilities of some of RCom's remaining businesses -- namely the enterprise a...
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