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CDB files insolvency case against Reliance Communications

28 Nov 2017 Evaluate

China Development Bank (CDB) has filed an insolvency petition against Reliance Communications (RCom) in the bankruptcy court to recover $1.78 billion, or about Rs 11,460 crore, it had lent to the Anil Ambani-owned telco. CDB moved National Company Law Tribunal (NCLT) on November 24.

Reliance Communications is India’s foremost and truly integrated telecommunications service provider.

Peers
Company Name CMP
Bharti Airtel 1974.00
Jio Platforms 1423.05
Vodafone Idea 12.11
Indus Towers 382.50
Tata Communications 1713.15
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