Anil Ambani’s Reliance Communications on Friday got a huge relief from the Supreme Court, which cleared its asset sale to Reliance Jio Infocomm. This will bring down the company’s overall debt of Rs 45,000 crore by Rs 25,000 crore.The move paves the way for the completion of the company’s asset monetisation programme under which RCom will sell its assets like spectrum, telecom towers and optical fibre to Jio.
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