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Banks to meet next week to help RCom cut debt – Economic Times

, ET Bureau|

Oct 01, 2017, 11.40 PM IST

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The banks can force a debt recast on December 31 and may even exercise their right to convert debt into equity.

MUMBAI: Banks will meet this week to explore the possibility of convincing other dominant industry players to step in to bail out RCom after its proposed merger with Aircel lapsed on Sunday, said bankers familiar with the devel…

Read the full article at: http://economictimes.indiatimes.com/news/company/corporate-trends/banks-to-meet-next-week-to-help-rcom-cut-debt/articleshow/60904985.cms

Category: Debt HelpBy Insolvency GuardianOctober 3, 2017

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