Revati Kasture, senior director with Care Ratings, said, "The company intends to sell its real estate business, tower business and the spectrum." RCom's talks with Brookefield for the sale of its tower business for Rs 11,000 crore could not conclude. The analyst said the value of the tower business could slide as it is based on tenants. Of its total gross debt of Rs 45,733 crore, Rs 20,141 crore are foreign-currency loans and the rest are rupee-denominated. State Bank of India Ltd has the largest exposure at Rs 2,375 crore while Punjab National Bank has Rs 1,350 crore, IDBI Bank Rs 1,230 crore and Bank of Baroda Rs 1,000 crore.

Source: dna October 26, 2017 02:03 UTC