Has Reliance Communications' monumental debt finally become unmanageable?
Reliance Communications' cash generation has fallen considerably this year, and wasn't sufficient to cover capital expenditure and interest payments25-05-2017
25-05-2017
ADAG stocks reel under debt concerns
RCom, China downgrade add to pressure; But Anil Ambani group says no dues on bonds24-05-2017
Updates
We wish to inform you that half yearly Interest Payment on 6.5% Senior Secured Notes (Bonds) issued by Reliance Communications Limited, was paid on time and on due date on 8th May 2017. There are no outstanding payments due on said Bonds at present. The Company will continue to pay interest on respective due dates and the Bonds will be repaid on due date i.e. November 6, 2020.24-05-2017
Updates
We wish to inform you that half yearly Interest Payment on 6.5% Senior Secured Notes (Bonds) issued by Reliance Communications Limited, was paid on time and on due date on 8th May 2017. There are no outstanding payments due on said Bonds at present. The Company will continue to pay interest on respective due dates and the Bonds will be repaid on due date i.e. November 6, 202024-05-2017
Credit Rating
The Credit Analysis & Research Limited (CARE) has revised the long term facility rating from CARE A- to CARE BB' and the short term facility rating from CARE A2+ to CARE A4', with credit watch with developing implications. CARE stated that the revision in the rating factors change in the competitive landscape of the telecom industry with the entry of the new operator, intense competition putting pressure on the sector profitability, and...19-05-2017
Pursuant To Regulation 29 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 Read With The Uniform Listing Agreement Entered Into By The Company With The Stock Exchanges, A Meeting Of The Board Of Directors Of The Company Will Be Held On Saturday, May 27, 2017, Inter Alia, To Consider And Approve The Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2017.
Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Uniform Listing Agreement entered into by the Company with the Stock Exchanges, a meeting of the Board of Directors of the Company will be held on Saturday, May 27, 2017, inter alia, to consider and approve the audited financial results of the Company for the quarter and year ended March 31, 2017....19-05-2017
RComm arm signs pact with Swiss data centre firm
Global Cloud Xchange (GCX), a Reliance Communications subsidiary, has signed a master service agreement (MSA) with Switzerland-based data-centre co-location provider Safe Host. Under the agreement,...10-05-2017
Credit Rating
ICRA Limited (ICRA) has revised the Long Term rating of the Company from 'BBB' to BB' with negative outlook and Short-Term rating on Fund Based / Non Fund Based Limits and Commercial Papers of the Company from A3+' to A4'.05-05-2017
Reliance Infratel gets shareholders' nod for Towercom Infra demerger
Earlier, it was announced that tower biz would be sold to Brookfield Infrastructure at Rs 11k cr02-05-2017
Press Release
RELIANCE INFRATEL RECEIVES ITS SHAREHOLDERS' APPROVAL WITH 98% MAJORITY FOR THE DEMERGER OF TOWER BUSINESS TO BROOKFIELD INFRASTRUCTURE GROUP02-05-2017