JM Financial acts as Transaction Advisor to Reliance Jio for Acquisition of Reliance Communication Assets

Reliance Jio Infocomm Limited (RJIO) has emerged as the highest bidder for the assets of Reliance Communications Limited (RCOM), which include wireless spectrum, portfolio of telecom towers, optical fiber cable network and media convergence nodes, and has signed binding definitive agreements for the same. The assets were put up for sale through a strategic debt restructuring (SDR) process led by the lenders to Reliance Communications. This deal would help Reliance Communications significantly reduce its debt burden. This transaction is an example of an efficient SDR process having reached an agreement in record time.

JM Financial Institutional Securities acted as the financial and transaction advisor to Reliance Jio on this transaction.

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