Reliance Communications assets sale to Reliance Jio: Here's what SC ordered today
RCom Consolidated incorporates the Anil Ambani-led group's Reliance Communications, Reliance Infratel and Reliance Telecom. Apart from SBI, 24 other Indian lenders constitute the Joint Lenders Fora, including BoB, BoI, Canara Bank, Central Bank of India, PNB, IDBI Bank, UCO Bank, IOB, Dena Bank, Corporation Bank, Union Bank, United Bank, LIC and Barclays Bank.
The Supreme Court today ordered that status quo be maintained on Reliance Communication's sale of assets to R-Jio on pleas by a consortium of banks. Image source: IANS