RCOM - 533165
Reliance Communications' (RCom) assets have received bids of around ₹25,000 crore with Reliance Jio and UV Asset Reconstruction Company (UVARC) emerging as the top bidders in their respective segments, according to banking sources.
"Jio and UVARC have emerged as the highest bidders at ₹25,000 crore for RCom assets at committee of creditors (COC) meeting held on January 13, 2020," a source closely involved in the development told PTI.
Reliance Jio had placed ₹4,700-crore bids for mobile tower and fibre assets of Reliance Infratel Ltd (RITL), a subsidiary of RCom.
News & Pic Credit - LiveMint
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