Lenders get bids for Reliance Communications assets

Reliance Communications's assets put on the block are in telecom and real estate

Lenders to the Anil Ambani-controlled Reliance Communications (RCom) have received bids for the assets of the ailing entity, under heavy debt. The assets put on the block are in telecom and real estate.
 
Its earlier plans for merger with Aircel and sale of its tower business to Brookfield have not succeeded. It was looking to monetise real estate assets in the Mumbai region and Delhi to repay and bring down debt.
 
Senior public sector bank (PSB) executives said their consortium had received bids for the assets and these would be processed. RCom is already under a Strategic Debt