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Legal hurdles could bedevil lenders efforts aimed at fresh bidding for RCom's telecom biz

TMT

08 July, 2021

Legal hurdles could bedevil lenders efforts aimed at fresh bidding for RCom's telecom biz

Lenders to Reliance Communications Ltd (RCom) are considering restarting the bidding process for the company's telecom business, which may create ......

Jio moves bankruptcy tribunal for audit reports on Reliance Infratel, parent

Finance

28 May, 2021

Jio moves bankruptcy tribunal for audit reports on Reliance Infratel, parent

Reliance Jio Infocomm has moved the bankruptcy tribunal for forensic audit reports on tower firm Reliance Infratel and parent Reliance ......

UV ARC to sell Aircel assets, start low-cost businesses in bid to repay lenders

TMT

19 June, 2020

UV ARC to sell Aircel assets, start low-cost businesses in bid to repay lenders

UV Asset Reconstruction Company Ltd plans to resume certain operations of Aircel Ltd and sell several assets, as it aims ......

SBI puts Anil Ambani in dock for guarantee given on loans to his firms

Finance

12 June, 2020

SBI puts Anil Ambani in dock for guarantee given on loans to his firms

The country’s largest lender State Bank of India (SBI) has taken Anil Ambani to the bankruptcy tribunal for a personal ......

Tribunal okays UV ARC's sharp haircut for Aircel lenders, but with tweaks

TMT

10 June, 2020

Tribunal okays UV ARC's sharp haircut for Aircel lenders, but with tweaks

The National Company Law Tribunal (NCLT) has approved the insolvency resolution plan of UV Asset Reconstruction Company Ltd to acquire ......

Creditors okay Mukesh Ambani, UV ARC's resolution plans for R-Com, subsidiaries

TMT

05 March, 2020

Creditors okay Mukesh Ambani, UV ARC's resolution plans for R-Com, subsidiaries

A creditor panel led by the State Bank of India has okayed the bankruptcy resolution plans of Mukesh Ambani-owned Reliance ......

Grapevine: UV ARC, Jio top bidders for RCom assets; Advent, Kedaara eye Sequent

General

15 January, 2020

Grapevine: UV ARC, Jio top bidders for RCom assets; Advent, Kedaara eye Sequent

UV Asset Reconstruction Company Ltd has emerged as the highest bidder for Reliance Communications (RCom) and Reliance Telecom Ltd with ......

Grapevine: Zomato frontrunner for UberEats; Mitsui, CPPIB in talks for RMZ projects

General

25 November, 2019

Grapevine: Zomato frontrunner for UberEats; Mitsui, CPPIB in talks for RMZ projects

Uber’s India food delivery business, UberEats, has been put on the block again for close to $500 million (Rs 3,583 ......

Grapevine: Munjal, DSP Group founder eye Yes Bank stake; Bharti bids for R-Com assets

General

13 November, 2019

Grapevine: Munjal, DSP Group founder eye Yes Bank stake; Bharti bids for R-Com assets

Sunil Munjal, chairman of Hero Corporate Services Ltd, and Hemendra Kothari, veteran investment banker and founder of DSP Group, have ......

RCom CEO steps down to focus on US unit's bankruptcy process

People

24 September, 2019

RCom CEO steps down to focus on US unit's bankruptcy process

Indian telecom company Reliance Communications Ltd’s (RCom) (RLCM.NS) Chief Executive Officer Bill Barney will step down but remain as head ......