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Reliance Communications Ltd (RLCM.NS)

RLCM.NS on National Stock Exchange of India

15.00INR
10:00am BST
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Rs-0.30 (-1.96%)
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Wed, May 30 2018

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India's RCom plans $2.68 billion asset sale to Jio, Brookfield in next few weeks

MUMBAI/NEW DELHI India's Reliance Communications (RCom) said on Wednesday it expects to complete its asset sale to Reliance Jio Infocomm and Canada's Brookfield in coming weeks, after the bankruptcy appeals court halted insolvency proceedings against the debt-laden company.

UPDATE 3-India's RCom plans $2.68 bln asset sale to Jio, Brookfield in next few weeks

MUMBAI/NEW DELHI, May 30 India's Reliance Communications (RCom) said on Wednesday it expects to complete its asset sale to Reliance Jio Infocomm and Canada's Brookfield in coming weeks, after the bankruptcy appeals court halted insolvency proceedings against the debt-laden company.

Deals of the day-Mergers and acquisitions

May 30 The following bids, mergers, acquisitions and disposals were reported by Wednesday 2000 GMT on Wednesday: ** Alternative asset manager Blackstone Group LP is still open to doing deals in Italy despite political turmoil in the euro zone country, President and Chief Operating Officer Jon Gray said. ** India's Reliance Communications said it expects to complete its asset sale to Reliance Jio Infocomm and Canada's Brookfield in coming weeks, after the bankruptcy appeals court halt

India's RCom, Ericsson reach settlement on outstanding dues

MUMBAI, May 30 An Indian appeals tribunal on Wednesday put on hold insolvency proceedings against Reliance Communications (RCom), after the debt-laden Indian telecom carrier reached a settlement with Swedish telecom gearmaker Ericsson.

India's bankruptcy appeal court defers RCom-Ericsson case hearing

NEW DELHI, May 29 India's bankruptcy appeals court delayed a hearing of Reliance Communications' (RCom) plea seeking to overturn insolvency proceedings against the company to Wednesday.

India's RCom says unit reaches settlement with minority investors

May 29 Debt-ridden Reliance Communications Ltd (RCom) said on Tuesday its unit Reliance Infratel has informed the bankruptcy appeals court of reaching a settlement with its minority shareholders in relation to the sale of its tower and fibre assets.

Debt-laden RCom in advanced talks with Ericsson to resolve issues

MUMBAI Reliance Communications said it was in advanced talks with Ericsson to resolve "commercial issues", after two sources indicated it was currently uncertain if the firms' discussions over dues would lead to an out-of-court settlement.

UPDATE 1-Debt-laden RCom in advanced talks with Ericsson to resolve issues

* Bankruptcy court ordered insolvency resolution against RCom

India RCom's settlement with Ericsson over dues unlikely for now -sources

MUMBAI, May 18 Embattled telecoms firm Reliance Communications is in talks with Ericsson to reach a settlement outside of bankruptcy court over unpaid service dues, but a deal with the Swedish gearmaker looks unlikely for now, two sources said.

UPDATE 1-Indian court allows Ericsson's insolvency plea against RCom

MUMBAI, May 15 India's bankruptcy court on Tuesday admitted an insolvency plea filed by Sweden's Ericsson against Reliance Communications, potentially delaying the Indian firm's plans to sell assets to lighten its debt load.

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