SC allows RCom to sell assets, will reduce debt by â¹25000 cr
Billionaire Anil Ambani-led Reliance Communications (RCom) on Thursday said that Supreme Court lifted a Bombay High Court stay on sale of some of its assets. The company said it now expects to reduce debt by around â¹25,000 crore within the next few weeks. However, the court refused to lift a separate order of a tribunal barring sale of RCom's towers.