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Reliance Communications gets bondholders nod for asset sale

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Reuters
Last Updated : Mar 21 2018 | 12:55 PM IST

(Reuters) - Indian telecom company Reliance Communications Ltd (RCom) said on Wednesday its bondholders approved its asset selling plan.

Holders of the company's $300 million bonds have approved the sale of assets to Reliance Jio Infocomm Ltd, owned by Mukesh Ambani-led Reliance Industries Ltd, and monetisation of other real estate assets, RCom said in a statement.

(Reporting by Vishal Sridhar in Bengaluru; Editing by Amrutha Gayathri)

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First Published: Mar 21 2018 | 12:39 PM IST

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