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Reliance Comm
BSE: 532712NSE: RCOMISIN: INE330H01018

14th-Feb-2020 23:02Source: BSE

Reliance Communications - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements), 2015

Further to our letter dated 17th September, 2019 informing your good office about voluntarily filing for bankruptcy protection under chapter 11 of the United States Bankruptcy Code by Global Cloud Xchange (''GCX''), Bermuda, a step down subsidiary of Reliance Communications Limited (''RCOM''), we hereby submit that on December 4th, 2019 United States Bankruptcy Court, District Of Delaware (''court''), confirmed the plan submitted by GCX''s senior secured noteholders. The plan, as confirmed, provides that the old equity interests in the GCX would be extinguished and the new ownership would pass to the participating noteholders on the ''Effective Date'' of the Plan.

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