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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 1833.80
Vodafone Idea 14.22
Indus Towers 380.70
Tata Communications 1787.75
Railtel Corp. India 259.45
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