RCom Debt Reduction

In both the cases -- SBI and Chinese banks -- the borrowings have been done by a group company and are not personal, he said

RCom had a net debt of Rs 45,000 crore at the end of October, putting it among India's most indebted companies

It will also draw the curtains on a significant chapter in India's telecom history

Lenders will have to make a provisioning of over Rs 6,000 cr in Q3

After the failure of its debt-reducing plans like sale of the tower unit and a merger with its immediate rival Aircel, RCom was forced to exit the flagship consumer facing business in this November

The reduction would allow RCom to provide zero write-offs to all lenders and bondholders