MUMBAI: Lenders to GTL Infrastructure declined to share information about the company in an effort to block a Reliance Capital arm from bidding for the telecom tower company. GTL Infra, where lenders currently own a majority, is running a sale process as part of a strategic debt restructuring exercise. After a decision to deny the Anil Ambani group company from bidding at the joint lenders forum (JLF), lenders plan to send questions to Reliance Capital Advisory Services (RCASL) seeking clarity on its intent of the purchase.
The bankers at the JLF expressed concerns over Reliance Capitals intention to buy GTL Infra, given that its parent group is exiting the telecom tower business. They also discussed RComs own strategic debt restructu…
Read the full article at: http://economictimes.indiatimes.com/news/company/corporate-trends/gtl-infras-lenders-bar-reliance-capital-arm-from-bidding-for-its-tower-assets/articleshow/60998380.cms