Deals Buzz: How will IDFC gain from its merger plan?
In other news, Reliance Infratel minority investors want to give up their stakes ahead of the RCom-Brookfield deal29-12-2016
29-12-2016
RCom deleveraging fails to impress investors
RCom will receive an upfront payment of Rs11,000 crore, besides B' class non-voting shares in the tower company23-12-2016
RCom delivers another big fat deleveraging
The sale to Brookfield, plus a separate plan to combine its mobile business with Aircel, RCom will prune leverage by $4.6 billion, or almost 70% of the total22-12-2016
Updates
Reliance Communications Ltd has informed BSE that the Board of Directors ("Board") of the Reliance Communications Limited ("Company") and the Board of its subsidiary companies, Reliance Communications Infrastructure Limited ("RCIL"), Reliance Infratel Limited ("RITL") and Towercom Infrastructure Private Limited ("TIPL") at their respective meetings held on December 21, 2016, subject to applicable approvals including regulatory and lenders consents,...22-12-2016
Reliance Communications Signs Binding Agreements with Brookfield Infrastructure and its Institutional Partners for Sale of its Towers Business
Reliance Communications Ltd has informed BSE regarding a Press Release dated December 21, 2016 titled "Reliance Communications Signs Binding Agreements with Brookfield Infrastructure and its Institutional Partners for Sale of its Towers Business".21-12-2016
Credit Rating
Reliance Communications Ltd has informed BSE that Fitch Ratings (Fitch), International rating agency, has revised Companys ) Long-Term Foreign, Local Currency Issuer Default Ratings and Senior Secured Notes (Notes) ratings from 'BB-' to 'B+'. Fitch has also placed on Rating Watch Negative and assigned a Recovery Rating of 'RR4' to the Notes.Fitch has stated that the demerger of the wireless business and sale of the Infratel stake, if completed,...20-12-2016
IN FOCUS: Top 15 stocks to watch in today's trading session
Moody's Investors Service on Wednesday downgraded Reliance Communications Limited's (RCOM) corporate family rating and senior secured bond rating to B1 from Ba3.01-12-2016
Credit Rating
Reliance Communications Ltd has informed BSE that Moodys Investors Service, Inc. (Moody), International rating agency, has revised Companys corporate family rating and senior secured Notes rating from Ba3 to B1.Moody stated that while the expected reduction in debt achieved from proposed two deleveraging transactions will be credit positive, it will take 6-9 months for both transactions to close. Moreover, this is a material shift with...30-11-2016
Credit Rating
Reliance Communications Ltd has informed BSE that Moodys Investors Service, Inc.(Moody), International rating agency, has affirmed B2 corporate family rating and senior secured Bond rating given to the Companys subsidiary Global Cloud Xchange (GCX). Moody has affirmed the rating to GCX on the heels of announcing the deployment of its Cumulous Network, a major step forward in provisioning next generation connectivity services to support digital...30-11-2016
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axis Trustee Services Ltd26-11-2016