RCom Gains After Bond Holders Approve Asset Monetisation Plan

RCom Gains After Bond Holders Approve Asset Monetisation Plan – Shares of the Anil Ambani-led company rose as much as 2.38 percent to Rs 23.65 after its $300 million bondholders approved its asset monetisation plan, the company said in a press release.

Bondholders at a meeting in London approved sale of certain assets to Reliance Jio Infocomm, sale of real estate assets, release of security on the assets and accepted part repayment of outstanding bonds.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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