General Announcement::Disclosure under Regulation 30 of Listing Regulations

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 18-Sep-2019 13:59:31
Status: New
Announcement Sub Title: Disclosure under Regulation 30 of Listing Regulations
Announcement Reference: SG190918OTHRSTHY
Submitted By (Co./ Ind. Name): Rakesh Gupta
Designation: Company Secretary
Effective Date and Time of the event: 18/09/2019 11:00:00
Description (Please provide a detailed description of the event in the box below): With reference to captioned subject,we have been informed through an email sent by the CEO of Global Cloud Xchange ( GCX ), Bermuda, a step down subsidiary of Reliance Communications Limited ( Company ) attaching a press release, which was sent to advisors of the resolution professional on September 16, 2019 at 5:58 PM IST, intimating that GCX has voluntarily filed for bankruptcy protection under chapter 11 of the United States Bankruptcy Code on September 15, 2019 for a pre-packaged restructuring with support from more than 75% of its lenders, vide which GCX s senior secured noteholders would become owners of GCX and provide new loans to support and grow the business. GCX has also envisaged to use the protections and framework of Chapter 11 to undertake a sale process.

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