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Will RCom Go The Aircel Way? No, Say Bankers
RCom’s domestic lenders believe they will see reasonably good recoveries from the company’s insolvency proceedings.
30 May 2019, 11:53 AM IST
Earlier this month, lenders to insolvent telecom firm Aircel Ltd. agreed to take a 99 percent haircut on the Rs 19,800 crore in loans owed by the firm to banks. They took home a meagre Rs 150 crore shelled out by an asset reconstruction company.Aircel’s fate, which symbolises the troubles that India’s telecom industry has gone through over a turbulent decade, led to concerns that banks would need to take steep haircuts in the resolut...
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