Reliance Bank and stake sale: RCap's big announcements
Ambani is exploring all opportunities to enter the banking sector. Stake sale in Reliance Communications' tower business was also part of the big announcements made yesterday in the compnay's AGM.
Reliance Communications says repays $500 million loan
NEW DELHI (Reuters) - Reliance Communications Ltd (RLCM.NS), India's third-biggest mobile phone carrier by customers, said it repaid a $500 million loan on the due date on Friday.Reliance Communications, which is scheduled to release its earnings later in the day, said it had taken the loan in 2007 from a group of international banks. (Reporting by Devidutta Tripathy; Editing by Jijo Jacob)
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