Reliance Communications Ltd.
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Anil Ambani, RCom's Loan Accounts Declared 'Fraud' By Bank Of Baroda
In a significant step, Bank of Baroda, one of India's leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as 'fraud', according to an exchange filing.
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Reliance Communications Narrows Loss To Rs 130 Crore In Q3
To raise funds and help repay what it owes, RCom announced plans to sell most of its wireless assets to another carrier Reliance Jio Infocomm Ltd.
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On Father's birthday, Mukesh Ambani Bails Out Anil, Buys Wireless Assets
The debt-ridden Reliance Communications is to stay within the family as Anil Ambani has signed an agreement to sell its wireless assets to telecoms arm of elder brother Mukesh Ambani's oil conglomerate Reliance Industries Ltd. The decision coincidentally came on the day of their father Dhirubai Ambani's 85th birth anniversary, giving the move a sym...
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Reliance Communications To Sell Big TV To Trim Debt
Veecon Media & Television will buy 100% equity stake in Reliance Big TV Ltd.
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New Challenge For Lenders To Anil Ambani's Telecom And Its $7 Billion Debt
Last week, Reliance Communications Ltd. proposed banks convert about 15 percent of the loans owed to them into a 51 percent stake, a move facilitated by the central bank's Strategic Debt Restructuring program.
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Anil Ambani Pledges 'Largest-Ever Debt Reduction' By One Indian Company
Reliance Communications Ltd.'s lenders have agreed to a seven-month moratorium on the debt obligations of Indian billionaire Anil Ambani's wireless business, which has been battered by investors questioning the company's creditworthiness.
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Why Anil Ambani Is Richer Even After $513 Million Telecom Wipeout
Gains from Reliance Group's financial services arm Reliance Capital Ltd. and Reliance Power Ltd. have outstripped the erosion at a telecom unit.
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Anil Ambani's Reliance Communications Hit By Debt, Competition
Subscribers have dwindled in the past five years as larger rivals such as Bharti Airtel Ltd. and Vodafone Plc slashed call rates and offered higher speed data.
-
Anil Ambani, RCom's Loan Accounts Declared 'Fraud' By Bank Of Baroda
In a significant step, Bank of Baroda, one of India's leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as 'fraud', according to an exchange filing.
-
Reliance Communications Narrows Loss To Rs 130 Crore In Q3
To raise funds and help repay what it owes, RCom announced plans to sell most of its wireless assets to another carrier Reliance Jio Infocomm Ltd.
-
On Father's birthday, Mukesh Ambani Bails Out Anil, Buys Wireless Assets
The debt-ridden Reliance Communications is to stay within the family as Anil Ambani has signed an agreement to sell its wireless assets to telecoms arm of elder brother Mukesh Ambani's oil conglomerate Reliance Industries Ltd. The decision coincidentally came on the day of their father Dhirubai Ambani's 85th birth anniversary, giving the move a sym...
-
Reliance Communications To Sell Big TV To Trim Debt
Veecon Media & Television will buy 100% equity stake in Reliance Big TV Ltd.
-
New Challenge For Lenders To Anil Ambani's Telecom And Its $7 Billion Debt
Last week, Reliance Communications Ltd. proposed banks convert about 15 percent of the loans owed to them into a 51 percent stake, a move facilitated by the central bank's Strategic Debt Restructuring program.
-
Anil Ambani Pledges 'Largest-Ever Debt Reduction' By One Indian Company
Reliance Communications Ltd.'s lenders have agreed to a seven-month moratorium on the debt obligations of Indian billionaire Anil Ambani's wireless business, which has been battered by investors questioning the company's creditworthiness.
-
Why Anil Ambani Is Richer Even After $513 Million Telecom Wipeout
Gains from Reliance Group's financial services arm Reliance Capital Ltd. and Reliance Power Ltd. have outstripped the erosion at a telecom unit.
-
Anil Ambani's Reliance Communications Hit By Debt, Competition
Subscribers have dwindled in the past five years as larger rivals such as Bharti Airtel Ltd. and Vodafone Plc slashed call rates and offered higher speed data.
