Mumbai March 21 (IANS) Reliance Communications (RCOM) on Wednesday said its bond holders have approved the sale of its assets to Reliance Jio Infocomm.
The holders of the company s $300 million bonds further approved the monetisation of other real estate assets RCOM said in a BSE filing.
"The bond holders also approved release of their security on the company s assets and to accept part prepayment of their outstanding bond " it said.
According to the company the approval was given in a meeting held on March 20 2018 at London.
On December 28 2017 RCOM signed definitive binding agreements with Reliance Jio for the sale of the group s wireless spectrum tower fibre and media convergence node assets.
The company s scrip at the BSE on Wednesday gained 8.86 per cent or Rs 2.05 per share to Rs 25.20 from its previous close of Rs 23.15 per share.
--IANS
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