172@29@17@247!~!172@29@0@53!~!|news|business|stocks|rcomm-under-pressure-buy-bharti-idea-phillipcapital-2296985.html!~!|controller|infinite_scroll_article.php
Moneycontrol
Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-
Last Updated : Jun 05, 2017 11:59 AM IST | Source: CNBC-TV18

RComm under pressure; buy Bharti & Idea: PhillipCapital

In an interview to CNBC-TV18, Naveen Kulkarni, Co-Head of Research at PhillipCapital spoke about the debt restructuring in RComm and what the impact will be on the stock.

It's a 7-month lifeline for Reliance Communications (RComm). The company's lenders have put its account on strategic debt restructuring and have given time till December to shape up.

In an interview to CNBC-TV18, Naveen Kulkarni, Co-Head of Research at PhillipCapital spoke about the debt restructuring in RComm and what the impact will be on the stock.

The debt revamp plan was in place for a while, he said. However, the most important thing is the money coming in from Brookfield from the tower sale because that is the cash infusion happening in the business, he added.

Close

According to him, Aircel's market share is similar to Reliance Communications.

PhillipCapital's buys are Bharti Airtel and Idea Cellular.

Watch accompanying videos for more details.
First Published on Jun 5, 2017 11:59 am
Sections