RCOM s $300-mn Bondholders approve Tender and Exchange offer
Friday - August 24, 2018 5:16 pm ,
Category : BUSINESS
Mumbai/London Aug 24 (IANS) Reliance Communications (RCOM) Bondholders have approved the "Tender and Exchange" offer of $300 million Bonds the company said on Friday.
According to the company the offer got the approval of an overwhelming majority of over 83 per cent of Bondholders at a meeting held in London.
"Pursuant to the offer as approved the Bondholders will receive cash proceeds of up to $118 million " the company said in a statement.
"The Bondholders will also get $55 million Bonds to be issued by Global Cloud Xchange Limited (holding Company of GCX) a foreign subsidiary of RCOM."
--IANS rv/tsb/sed
According to the company the offer got the approval of an overwhelming majority of over 83 per cent of Bondholders at a meeting held in London.
"Pursuant to the offer as approved the Bondholders will receive cash proceeds of up to $118 million " the company said in a statement.
"The Bondholders will also get $55 million Bonds to be issued by Global Cloud Xchange Limited (holding Company of GCX) a foreign subsidiary of RCOM."
--IANS rv/tsb/sed
