RCom Insolvency: CoC expects to raise Rs 14,000 cr from assets

MUMBAI: The committee of creditors (CoC) overseeing the bankruptcy resolution of Reliance Communications (RComNSE 4.55 %) expects to raise at least Rs 14,000 crore from the sale of the telco’s assets, including spectrum, fibre and towers, based on bids received, said people with knowledge of the matter.

“The final round of negotiations with the four bidders will start now since the deadline for resolution is January 10,” said one of them, a CoC member. “The bids that have come in are good… the CoC expects to touch Rs 14,000 crore at least.”