Reliance Communications resolution professional seeks buyers for non-core assets - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Reliance Communications resolution professional seeks buyers for non-core assets

The winning bidder for RCom, UV Asset Reconstruction Company, and lenders have given in-principle consent to the RP to explore the sale of its unencumbered assets, said the people. The RP, Anish Nanavaty backed by Deloitte, will obtain a fresh valuation and hold an auction of the assets, similar to the process followed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, they said.

from Industry-Economic Times
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