Reliance Communications has received approval for the sale of assets to Reliance Jio Infocomm and also monetization of other real estate assets. The company’s $300 million Bonds holders at their meeting held on March 20, 2018, approved the same, with overwhelming majority.
The Bond holders have also approved release of their security on the company’s assets and to accept part prepayment of their outstanding Bonds.
Reliance Communications is India’s foremost and truly integrated telecommunications service provider.
