Reliance Communication

Facing heat from lenders, Anil Ambani says no desire to make personal gains

Ambani stepped down as director of RCom last November after the company was referred to insolvency tribunal

RCom loans: Anil Ambani claims no personal guarantee given to Chinese banks

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

Banks want IBC proceedings in all pending cases to be suspended for 2 years

Fall in valuation, lack of demand cited as reasons

RCom CoC to seek 24-day extension for asset sale as deadline ends on Jan 10

The other bidders include Bharti Airtel, Värde Partners and UV Asset Reconstruction Company (UVARCL)

RCom creditors may seek extension of debt sale till February end from NCLT

The committee of creditors (CoC) is scheduled to meet on Thursday to consider bids of Reliance Jio, Airtel, Varde and UVARCL

RCom to lose its undersea cable unit as clouds hang over debt revamp

The plan that got the nod this week will grant ownership of GCX to its own creditors in exchange for a debt write down of $150 million, according to a GCX statement and filings

RCom shares continue to hold on to upper circuit for 4th straight session

In terms of volume, 137,000 shares were traded on the BSE, while 3.9 million shares changed hands on the NSE

Reliance, Bharti Airtel, 2 others bid for 3 Anil Ambani group companies

11 offers submitted for RCom, Reliance Telecom and Reliance Infratel

Top events today: Maharashtra govt formation, RIL's bid for RCom and more

From SC hearing on the legality of Maharashtra govt formation to Reliance group's bid for Anil Ambani's Reliance Communications (RCom) and its related companies, here are the top events for the day

Anil Ambani, four others resign as Reliance Communications directors

Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom, said regulatory filing

AGR order: Telcos seek interest, penalty waiver, 10 years to pay principal

With the telecom sector staring at a massive Rs 1.4 trillion payout following a Supreme Court order, it asked the government not to press for AGR dispute payment in its entirety

In a first, RCom AGM to be chaired by resolution professional on Monday

RCom is presently going through a insolvency process and the National Company Law Tribunal had in July appointed Aneesh Nanavati of Deloitte as the resolution professional

Anil Agarwal, Mukesh Ambani join suitors' list for acquiring RCom assets

RCom referred itself to the NCLT for insolvency proceedings after it failed to repay its debt worth Rs 45,000 crore

Anil Ambani's Reliance Communication Q4 net loss at Rs 7,767 crore

For the entire financial year 2018-19, the company reported a net loss of Rs 7,206 crore as against Rs 23,839 crore in 2017-18

Insolvency woes: RCom resolution professional asks for 13-month exclusion

NCLT tells interim RP's counsel to file separate plea

RCom promoters' shareholding declines to 22% in Jan-Mar this year

In the October-December 2018 quarter, the promoters and promoter group of debt-ridden RCom had 53.08 per cent stake in the company

Anil Ambani's stake dips to 22% in RCom; Banks sell 15.6% pledged shares

RCom had a debt of Rs 45,000 crore

Once worth $55 bn, Anil Ambani just has a day to raise $80 mn, avoid jail

The tycoon's heavily indebted telecom business had promised to pay the local unit of Ericsson AB about Rs 5.5 billion ($80 million) for past maintenance services

Banks oppose RCom's proposal to use tax refunds to pay Ericsson dues

Tax refunds worth nearly Rs 260 crore, which RCom wants to use to pay Ericsson, lie in a bank account.

How Anil Ambani could arrange funds needed to comply with the SC order

Reliance Communications, and its chairman Ambani, could use the Rs 394 crore received in I-T refunds, but they would still have to raise another Rs 177 crore