Supreme Court lets Reliance Communications sell spectrum & realty to Reliance Jio to pare debt

[Bapun]

The Supreme Court gave partial relief to Reliance Communications on Thursday, allowing it to sell most of its assets to Reliance Jio Infocomm to pare its nearly Rs 45,000-crore debt. However, RCom will require separate approval for selling tower and fibre assets, from the National Company Law Appellate Tribunal (NCLAT).

Supreme Court lets Reliance Communications sell spectrum & realty to Reliance Jio to pare debt