Reliance Communications

Lenders look to bag Rs 8,000 crore from sale of RCom's prime property

Will hold auction to sell 56-acres of prime real estate in Navi Mumbai, expect higher valuation due to construction of new airport in the vicinity

Lenders plan to put Reliance Communications HQ in Navi Mumbai on sale

Indian lenders had sent the company, earlier owned by Anil Ambani, for debt resolution in May 2018

RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty

Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel

Lenders agree to RNTL-Reliance Industries' takeover deal: Report

Two years after the deal was approved by the NCLT, banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to Mukesh Ambani-owned Reliance Industries

RCap lenders hive off home finance, NBFC into separate trust for resolution

The proceeds of the sale of these two companies in future will flow directly to the lenders of the Reliance Capital which is currently undergoing a bankruptcy process

5 years of IBC: Debt-ridden RCom awaits court approval to allow UVARCL bid

While the RBI is now planning to allow ARCs to bid for bankrupt companies, RCom's resolution is now stuck in courts

Lenders to Aircel, Reliance Communications hope for faster resolution

RBI panel recommends that ARCs be allowed to bid for bankrupt firms

DoT set to cancel Reliance Communications licence over payment default

According to an official, clauses under the license agreement empower the government to terminate the licence of the company

Reliance Power, Reliance Infra: ADAG stocks on a roll. What's driving them?

Analysts attribute sudden interest in ADAG stocks to the anticipation of the company becoming more proactive and aggressive to prune its debt obligations

Stocks to watch: Macrotech Developers, HDFC Bank, Mindtree, RCom, ACC

ICICI Lombard General Insurance Company reported 23 per cent YoY rise in net profit at Rs 346 crore for March quarter 2020-21

Reliance Communication headed for liquidation after NCLAT judgment

Debt resolution only after clearance of govt dues, says tribunal

Spectrum auction: Telcos place bids worth Rs 77,000 crore on Day 1

Revenue garnered from 4G auction may be much lower than reserve price set at Rs 3.92 trillion

RCom group owes about Rs 26,000 cr to Indian banks, financial institutions

Debt-ridden telecom firm Reliance Communications said the group owes around Rs 26,000 crore to Indian banks and financial institutions

NCLT okays resolution plan for Reliance Infratel; may entail sale of assets

Decks cleared for sale of tower, fibre assets to Reliance Digital

Little relief in sight for RCom lenders 17 months after insolvency action

Insolvency against bankrupt telecom company and two arms restarted last May after NCLAT lifted stay on proceedings; Rs 91,000 crore worth claims have been admitted against the firm.

My lifestyle 'disciplined, not lavish': Anil Ambani tells London court

Three state-controlled Chinese banks have pursued Ambani for more than $700 million in a London court

SC rejects SBI plea to vacate stay on invoking Anil Ambani's personal guarantees

While the personal guarantee matter is being heard by the SC, the fate of dues worth Rs 45,000 crore, including to the Chinese banks, will be decided by the NCLT where the matter is still pending

Gains ahead for Jio, Bharti as telco market heads towards a duopoly

Experts see the telecom sector heading towards duopoly

SC makes CEOs liable if telecom companies fail to pay AGR dues

CEO asked to furnish personal guarantee within four weeks; order alarms professional managers

Delhi HC stays insolvency resolution proceedings against Anil Ambani

Ambani had given personal guarantees for the Rs 565 crore and Rs 635 crore SBI loans to RCom and Reliance Infratel (RITL), respectively, in August 2016