Reliance Communications (RCom) is planning to issue shares to lenders for the debt that it has raised from the lender. The telecom operator is reeling under debt of about Rs 45,000 crore. The board of the company is scheduled to meet on August 12 which will consider convening the Annual General Meeting of shareholders to enable the firm seeks their nod for converting debt into equity shares.
Reliance Communications (RCom) is India's foremost and truly integrated telecommunications service provider.
