Single investor buying RCom would be preferred: Resolution professional

The AGM saw shareholders expressing disappointment on how their wealth got eroded because of the firm going bankrupt

In a first of its kind, the resolution professional (RP) of the stressed Reliance Communications (RCom) addressed the annual general meeting (AGM) of the company on Monday. 

The RP, Anish Nanavaty, said it would be better if a single investor took over the company. However, ultimate value maximisation is the main goal.

“As RP, we will give all the data to the investors to prepare a plan. The bids for the company are in the process of getting invited and there will be a preference for a single bidder to pick up the entire company,” he said.

The AGM saw