Lenders to vet R-Com bids

The committee of creditors (CoC) of Reliance Communications Ltd (R-Com) will be meeting on Wednesday where they are set to assess the offers made by bidders that include Reliance Jio.

“We wish to inform you that the 16th meeting of committee of creditors of R-Com is scheduled to be convened on Wednesday, January 8, 2020,” R-Com said in a communication to the stock exchanges on Tuesday.

R-Com is going through the corporate insolvency resolution process under the supervision of the Mumbai-bench of the NCLT.

The Anil Ambani-company had put all of its assets for sale, which include spectrum holding of 122 MHz, towers business, optical fibre network and data centres.