The mega telecom deal involving acquisition of wireless assets of debt-laden Reliance Communications by Reliance Jio is a "good and welcome development" that fully protects lenders' interest, a top SBI official said today. At the same time, the deal also sets a great example for promoters of other stressed companies, State Bank of India (SBI) Chairman Rajnish Kumar told BTVi.
The two companies, last evening, announced a blockbuster deal under which Reliance Jio, promoted by Mukesh Ambani, will acquire the wireless assets of the troubled RCom, a company owned by younger sibling Anil Ambani.

The mega telecom deal involving acquisition of wireless assets of debt-laden Reliance Communications by Reliance Jio is a "good and welcome development" that fully protects lenders' interest, a top SBI official said today. At the same time, the deal also sets a great example for promoters of other stressed companies, State Bank of India (SBI) Chairman Rajnish Kumar told BTVi.
The two companies, last evening, announced a blockbuster deal under which Reliance Jio, promoted by Mukesh Ambani, will acquire the wireless assets of the troubled RCom, a company owned by younger sibling Anil Ambani.