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Tuesday, June 18, 2019

Chinese banks demand $2.1 billion from tycoon Anil Ambani's RCom

State-owned China Development Bank, with loans worth Rs 9,860 crore ($1.4 billion) was the biggest creditor to the indebted telecom company. Exim Bank of China sought payment of Rs 3,360 crore, while Industrial and Commercial Bank of China claimed Rs 1,554 crore. The bankruptcy court is hearing lenders as RCom attempts to find buyers for the assets and pay the debt.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News


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