Indian lenders said they would take the current market price of Reliance Communications shares into account while taking a decision to convert the company’s debt into equity. The company’s market capitalisation has dropped by over 17 per cent since the strategic debt restructuring (SDR) scheme was announced on June 2, and this would impact the conversion price, which is likely to change in accordance with the SDR provisions, lenders said. “The company has made presentations to us, which reflects its intent to resolve the issue. We are interested to ...
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First Published: Wed, November 01 2017. 02:47 IST
