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

TMT

07 December, 2020

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

Reliance Infratel Ltd’s financial creditors will take a haircut of as much as 90% on their loans under a court-approved ......

Reliance Jio gets NCLT nod to buy Anil Ambani's debt-laden tower firm

TMT

03 December, 2020

Reliance Jio gets NCLT nod to buy Anil Ambani's debt-laden tower firm

The bankruptcy tribunal has approved billionaire Mukesh Ambani-led Reliance Jio’s plan to acquire younger brother Anil Ambani’s debt-laden Reliance Infratel ......

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Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

Finance

28 August, 2020

Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

The resolution of distressed assets under the Insolvency and Bankruptcy Code (IBC) has hit a big stumbling block with the ......

Delhi High Court halts insolvency proceedings against Anil Ambani

General

27 August, 2020

Delhi High Court halts insolvency proceedings against Anil Ambani

The Delhi High Court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India's ......

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Smaller ARCs chase bulk deals to step up bad-loan purchases

Finance

03 October, 2019

Smaller ARCs chase bulk deals to step up bad-loan purchases

Smaller asset reconstruction companies (ARCs) are stepping up their bad-loan purchases as they consider buying in bulk a pool of ......

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 ......

R-Com's undersea cable unit files for bankruptcy in US

Infrastructure

18 September, 2019

R-Com's undersea cable unit files for bankruptcy in US

Global Cloud Xchange (GCX), an arm of Anil Ambani-owned debt-laden Reliance Communications Ltd, has voluntarily filed for bankruptcy in the ......

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In charts: The big Indian business houses that have virtually crumbled

Finance

18 July, 2019

In charts: The big Indian business houses that have virtually crumbled

For the past several months, Dewan Housing Finance Corp Ltd has been struggling to survive. The Kapil Wadhawan-led company reported ......

Reliance Group's Anil Ambani says will make timely debt service payments

Infrastructure

11 June, 2019

Reliance Group's Anil Ambani says will make timely debt service payments

Reliance Group chairman Anil Ambani said on Tuesday his diversified telecoms to financial services and infrastructure group was fully committed ......

Reliance Capital to exit mutual funds business, sell stake to Nippon Life

Finance

23 May, 2019

Reliance Capital to exit mutual funds business, sell stake to Nippon Life

Reliance Capital Ltd, the financial services arm of Anil Ambani-led Reliance Group, is exiting the mutual fund business by selling ......