reliance communications
RCom sells Rs 2,000 crore worth assets to Reliance Jio
RCom in May it expected to sell assets worth 181 billion rupees ($2.58 billion) to Reliance Jio and Canada’s Brookfield.
RCom reinstates bank guarantees worth Rs 774 cr with telecom department
Reinstatement of bank guarantees will ensure that the company's licence and spectrum value of Rs 11,300 crore stands fully protected.
Reliance Communications, Ericsson reach USD 80 million settlement
India’s bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service dues.
Revoking RCom's spectrum may harm debt recovery process, says SBI to DoT
SBI is inspecting the possibilities of providing bank guarantees to an extent of Rs 774 crore to RCom.
Reliance Infratel, HSBC Daisy submit settlement agreement before NCLAT
The consent term between the parties was signed on June 15, 2018, informed senior advocate Salman Khursheed.
RCom shares in demand after NCLAT stays bankruptcy proceedings
The stock jumped 19.14 per cent to Rs 20.85 on BSE. At NSE, shares of the company zoomed 20 per cent to Rs 21.
RCom, Ericsson reach settlement on outstanding dues
NCLAT has asked RCom to pay Ericsson 5.5 billion rupees by end-September as part of the settlement.
RCom plea against insolvency to be heard by NCLAT on Tuesday
Ericsson had alleged that it had not been paid the dues.
RCom Unlikely to reach a settlement
This will enable Reliance Communications to exit the NCLT process,” said RCom.
RCom in talks with Ericsson to settle dues outside NCLT
Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom.