Reliance Communications clears debt of Rs. 2,700 crore

 
Share on Facebook Tweet Share Share Reddit
Reliance Communications clears debt of Rs. 2,700 crore
Telecom operator Reliance Communications said it has made full payment of a loan amounting to over Rs. 2,700 crore that was taken from a group of international banks.

"Reliance Communications made full payment of a syndicated ECB loan facility of USD 500 million, over Rs. 2,700 crore, on the due date. The loan was taken in 2007 from a group of international banks," RCom said in a statement.

RCom had reported net debt of around Rs. 37,360 crore as on December 31, 2012.

The shares of the company were trading at Rs. 110 a piece, up by 0.27 percent, in an afternoon session on May 10, 2013, at BSE.

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and subscribe to our YouTube channel.

Nokia sees growth in sales of Lumia smartphones in India
Gionee GPad G2 with 5.3-inch qHD display, Android 4.1 available for Rs. 13,990
 
 

Advertisement

 

Advertisement

Advertisement