MUMBAI — Reliance Communications Chairman Anil Ambanion presented a revised debt resolution plan on Wednesday aimed at reducing the company’s liabilities from 450 billion rupees ($7 billion) to 60 billion rupees by March 2018 by withdrawing the company from the consumer wireless business and unloading assets, including real estate.
Anil Amban, chairman of Reliance Communications, speaks at a news conference in Mumbai on Dec. 26.
The plan presented by the heavily indebted company is part of its exit from a statutory debt restructuring process its has been n…
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