RCom risks insolvency after debt default

Indian telco's asset valuations are 'optimistic' and debt conversion plan is at risk due to share price decline, analyst warns

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RCom is facing the possibility of going through an insolvency process, having defaulted on debt repayments last week, according to the bond trading firm SC Lowy Financial HK. An analyst at the company told Bloomberg that the valuations RCom has placed on its assets are "…

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