 "Tata Teleservices closure may cost the group dear")
Lenders to Reliance Communications (RCom) discussed the bids the firm has received for the sale of assets and conversion of part debt into equity to avert the provisioning burden if the asset were to turn bad at the at the joint lenders’ forum (JLF) on Wednesday. The JLF meeting will continue on Friday.
Senior public sector bankers said though the firm was trying to sell some assets to repay loans and clear bank dues, no decision has been taken so far.
However, sources close to the development said the company plans to sell some assets within the next few days to bring
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