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RCom was expecting a significant debt reduction post completion of merger with Aircel. (Photo: File)

Business

RCom says not paying interest on NCDs till rejig completion

Move comes close on the heels of a mega deal announcement late last month that Reliance Jio.

6 Jan 2018 4:57 AM GMT

Business

RCom shareholders approve asset sale plan

RCom in Dec signed a deal to sell all its spectrum, tower, fibre optic and other telecom infrastructure assets to Jio.

16 Feb 2018 8:06 AM GMT

Business

Essar sells office asset in Mumbai to Brookfield for Rs 2,400 crore

Essar group would utilise the entire sale proceeds to repay loans.

24 April 2018 7:58 AM GMT

Fitch will no longer provide ratings or analytical coverage for RCom.

Business

NCLAT allows RCom to execute asset sale

RCom is now very confident of achieving overall debt reduction of approximately Rs 25,000 cr within next few weeks.

6 April 2018 10:37 AM GMT

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.

Business

NCLAT pulls up RCom lenders over Rs 37,000 cr asset sale 'golden...

The NCLAT has asked all the lenders to file a two-page note over that and directed to list the matter on Tuesday.

12 March 2019 3:23 AM GMT

Business

RCom, Reliance Jio extend validity of asset sale pact to June 28

Reliance Communications had earlier asserted that the requirement of giving bank guarantee as per DoT's demand.

31 Dec 2018 8:07 AM GMT

Business

India's RCom gets bondholders' nod for asset sale

RCom last week had moved the SC in a desperate attempt to complete asset sale and to also avoid going to NCLT.

21 March 2018 8:53 AM GMT

The call for privatisation gathered currency after diamond jeweller Nirav Modi allegedly colluded with some officials of PNB to fraudulently obtain guarantees so as to avail of loans from Indian banks overseas. (Photo: File)

Business

PNB pins hope on asset sale, IBC resolution to raise Rs 13,000 cr

Moody's Investors Service had last month downgraded PNB's rating citing impact of the recent USD 2 billion fraud.

1 Jun 2018 1:19 PM GMT

$The ongoing Binani Cement insolvency case has taken a new twist with the operational creditors (OCs) of the debt-ridden firm terming the Dalmia Bharat offer for their outstanding dues as \pittance\ and rejecting it outright, vowing to fight \tooth-and-nail\.$ Business

SC restrains finalisation of Binani Cement asset sale till further...

The top court also said that further proceedings will be subject to its orders.

4 Jun 2018 2:18 PM GMT