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Reliance Comm

Shan759
Silver Member

1139 Messages

Dear bros, the annual report, I found that, till year 2016, the reserves and surplus were 31,500 crores. When you the balance sheet if 2018, 13,500 crores were used as investment in subsidiaries, now in March 2019, it went high to 22,500, specifically 10,000 crores in RRL. Now all reserves are used in investment as AA indicated that the future of RCom is Reality business. My view the reserves used Rcom to its subsidiaries will retain all running units as RCom and will continue its business. Hence lenders do not have any rights over the subsidiaries. Once IC is over major debt issues with RTL and RITL will be closed. Hence this bidding process, whatever happens, we need not to worry. This the beauty of IBC filing voluntarily.

2.57 AM Dec 3rd
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