Rs 2700 crore debt has been cleared by Reliance Communication

Rs 2,700 crore is the amount taken from the group of international banks as a loan & has been fully repaid by Reliance Communication.

The company quoted in an official statement that ”Reliance Communications made full payment of a syndicated ECB loan facility of $500 million, over Rs 2,700 crore, on the due date. The loan was taken in 2007 from a group of international banks.”

On December 31, 2012, Rs. 37,360 crore was the total debt reported by the RCom.

At BSE, the company shares were fluctuate at Rs. 110 a piece i.e. up 0.27 percent.