Rcom says that it will exit SDR scheme. It will sell its telecom towers, real estate and other assets, and also will get a strategic investor. The process would help reduce its debt by Rs 39,000 crore.
After restructuring, R Com will reduce its debt by 87 per cent to Rs 6,000 crore. As of March 2017, the company had a debt of Rs 44,700 crore.
After restructuring, R Com will reduce its debt by 87 per cent to Rs 6,000 crore. As of March 2017, the company had a debt of Rs 44,700 crore.
On this news the stock skyrocketed and closed at Rs 23, up 41% in yesterday's trading.
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