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RCom CoC To Vote On Rs 23,000 Crore Resolution Plans On February 24

RCom CoC To Vote On Rs 23,000 Crore Resolution Plans On February 24

Submitted by • February 18, 2020 www.communicationstoday.co.in

The Committee of Creditors of Reliance Communications on February 24 will put to vote asset bids received from UV Asset Reconstruction Company and Reliance Jio from which lenders are expected to recover around Rs 23,000 crore, according to sources privy to the development.UV Asset Reconstruction Company is learnt to have placed a bid of around Rs 14,700 crore while Reliance Jio has made an offer of Rs 4,700 crore for tower and fibre assets of Reliance Infratel Ltd.

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