General Announcement::Disclosure under Regulation 30 of the Securities and Exchange Board of India

Issuer & Securities

Issuer/ Manager
RELIANCE COMMUNICATIONS LIMITED
Securities
RELIANCEUS$300M6.5%N201106 - XS1216623022 - 29EB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Mar-2020 13:41:41
Status
New
Announcement Sub Title
Disclosure under Regulation 30 of the Securities and Exchange Board of India
Announcement Reference
SG200305OTHRORGP
Submitted By (Co./ Ind. Name)
Rakesh Gupta
Designation
Company Secretary
Effective Date and Time of the event
05/03/2020 11:00:00
Description (Please provide a detailed description of the event in the box below)
Further to our letter dated 25th November, 2019 informing your good office about various resolution plans received by the resolution professional of Reliance Communications Limited ( RCOM )and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) and in accordance with the requirements of subclause 16(l) of Para A of Part A of Schedule III of the Listing Regulations, the undersigned hereby informs your good office thatin the e-voting conducted pursuant to the meeting of the committee of creditors held on 2nd March, 2020, which e-voting concluded on 4th March, 2020 at 8 P.M. (IST), the committee of creditors of RCOM has, by way of voting share of 100% of the committee of creditors, approved theresolution plan submitted by UV Asset Reconstruction Company Limited, in accordance with Section 30(4) of the Insolvency and Bankruptcy Code, 2016 ( Code ).

The aforesaid resolution plan approved by the committee of creditors shall be submitted by the resolution professionalto the Hon ble National Company Law Tribunal, Mumbai Bench for its orders, in accordance with Section 30(6) of the Code for approval of the adjudicating authority.

Further, in respect of the subsidiaries of RCOM, i.e., Reliance Telecom Limited and Reliance Infratel Limited, which are also undergoing corporate insolvency resolution process under the provisions of the Code, resolution plans submitted by UV Asset Reconstruction Company Limited, and Reliance Digital Platform & Project Services Limitedthrough its division Infrastructure Projects respectively, have been approved by the committee of creditors of each of the aforesaid companies by 100% voting share.

Attachments

LettertoSECOCPlanApprovalFInal.pdf
Total size =46K