Reliance Infratel lenders to take 90% haircut as Jio set to take control

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Reliance Infratel Ltd’s financial creditors will take a haircut of as much as 90% on their loans under a court-approved deal that hands over the telecom tower company to billionaire Mukesh Ambani’s diversified conglomerate. The National Company Law Tribunal last week cleared a proposal by Reliance Projects & Property Management Services ......