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RCom debt News

20 Dec 2018

RCom, Jio officials meet telecom secy to resolve issues around spectrum

Total debt on RCom is estimated to be around Rs 46,000 crore.

18 Sep 2018

RCom to exit telecom fully to focus on realty: Anil Ambani

RCom owes over Rs 40,000 crore to a group of 38 lenders, including Chinese banks, and was resolving the debt through a strategic debt restructuring (SDR) process.

Reliance Communications

05 Dec 2017

More Chinese lenders plan to pursue RCom in insolvency court: Sources

With total debt of Rs 457.33 billion ($7.1 billion) as of end March, RCom is the most-leveraged of all listed telecoms carriers in India.

15 Nov 2017

RCom says not making any payment to lenders for time being

In a regulatory filing, the telecom operator said that is in standstill period till December 2018 pursuant to the SDR (Strategic Debt Restructuring) guidelines.

Reliance Group stocks

15 Nov 2017

Anil Ambani-led Reliance group stocks tumble up to 12% on heavy selling

The scrip of Reliance Communications slumped 12.12 percent, Reliance Capital tanked 10.21 percent and Reliance Infrastructure plummeted 9.16 percent on BSE.

30 Oct 2017

Lenders to take 51% stake in RCom post debt conversion

The firm will sell telecom tower and real estate businesses to pay off Rs 27,000 crore out of Rs 45,000 crore of debt on its book, RCom said in a statement.

Reliance Communications

05 Jun 2017

RCom share reverses trend, jumps 5% on 7-month debt reprieve

Shares of Reliance Communications surged over 5 percent on Monday as the debt-laden telecom firm secured a reprieve of seven months to service its debt.

Reliance Communications

30 May 2017

Will clear Rs 25,000 crore debt by Sept 30: RCom tells lenders

Debt laden telecom operator Reliance Communications on Tuesday said it has told lenders that it would repay Rs 25,000 crore before September 30 this year, expected to be generated from two business deals.

29 May 2017

RCom shares hit record low on fourth-quarter loss, debt woes

Shares of mobile carrier Reliance Communications Ltd fell as much as 20 percent to an all-time low on Monday, after it reported a USD 150 million fourth-quarter loss and worries about its heavy debt load resurfaced.

21 Dec 2016

Superfast Features: Reliance Comm sells tower business to Brookfield to pare debt

Reliance Comm sells tower business to Brookfield to pare debt.

Reliance Communications

01 Jun 2015

RCom plans to monetise non-core assets to lower debt

Reliance Communications Monday said it is looking at monetising its non-core assets to bring down the debt-to-EBIDTA ratio to about 3 in 18-24 months.

20 Jan 2015

RCom gets Rs 650 cr from TIFPL; promoter group firm ups stake

Reliance Communications on Tuesday said its group entity Telecom Infrastructure Finance Pvt Ltd has paid it Rs 650 crore, increasing promoters' holding to 59.7 per cent in the company.

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