Edition:
United Kingdom

Reliance Communications Requests "Urgent Approval" From Lenders To Release About 2.60 Bln Rupees


Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Reliance Communications Ltd ::RELIANCE COMMUNICATIONS - "REQUESTED URGENT APPROVAL" FROM LENDERS TO RELEASE ABOUT 2.60 BILLION RUPEES, GOT FROM INCOME TAX REFUNDS, DIRECTLY TO ERICSSON.RCOM IS CONFIDENT OF RAISING BALANCE OF ABOUT 2 BILLION RUPEES FOR PAYMENT TO ERICSSON.SAYS SUM OF 1.18 BILLION RUPEES HAS ALREADY BEEN DEPOSITED WITH SC.RELIANCE COMMUNICATIONS-IS CONFIDENT ENTIRE SUM PLUS INTEREST WILL STAND PAID TO ERICSSON WELL WITHIN 4 WEEKS ALLOWED BY SC.