India: RCom’s new debt repayment plan gives banks majority shareholding

India: RCom’s new debt repayment plan gives banks majority shareholding

Photo: Hemant Mishra/Mint

Anil Ambani-led Reliance Communications Ltd (RCom) presented a fresh debt repayment plan to its creditors on Monday which envisages raising Rs27,000 crore through sales of assets and lenders converting a portion of their loans into equity, giving them majority control.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter