Options to revive group drying up for Anil Ambani

With RCom defaulting on interest payment to US bonds, other group firms need to step up performance

The shareholders of Anil Ambani group firms are a worried lot these days, particularly due to the stress in Reliance Communications (RCom). News reports on the group have been mixed — while the demerger and separate listing of Reliance Capital’s (RCap’s) housing finance arm and the initial public offering (IPO) of its asset management business were positive, RCom disappointed.

The telecom business defaulted on interest payment to its US dollar bond holders this week, sending its share price below Rs 10 in intra-day trades. RCom, however, told the exchanges that following the invocation of the strategic debt restructuring (SDR) scheme by