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Lenders may refuse to take RCom's request for release of Rs 260 crore

Anil Ambani firm requested banks to release Rs 260 crore from escrow account to pay Ericsson

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Reliance Communications  |  Reliance Group  |  Adag Stocks

Dev Chatterjee  |  Mumbai 



Anil Ambani
File Photo of Anil Ambani

The lenders to (RCom) are unlikely to agree to the company’s request for the release of Rs 260 crore, which it received as income-tax refunds and is lying in its bank account, to pay Swedish equipment maker Ericsson, said sources.

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First Published: Sat, February 23 2019. 01:33 IST

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