Mukesh Ambani to Help Younger Brother Anil Ambani Save Reliance Communications

Reliance Jio has expressed difficulty in providing an undertaking to the government to settle RCom’s dues till it is protected from RCom’s past liabilities by a bank guarantee. Such an undertaking is mandatory under spectrum trading norms before the government accords final approval for RCom’s asset sale to Reliance Jio.

Mukesh Ambani to Help Younger Brother Anil Ambani Save Reliance Communications

Reliance Jio has expressed difficulty in providing an undertaking to the government to settle RCom’s dues till it is protected from RCom’s past liabilities by a bank guarantee. Such an undertaking is mandatory under spectrum trading norms before the government accords final approval for RCom’s asset sale to Reliance Jio.