Reliance Communications clears debt of Rs. 2,700 crore

Telecom operator Reliance Communications said it has made full payment of a loan amounting to over Rs. 2,700 crore that was taken from a group of international banks.

"Reliance Communications made full payment of a syndicated ECB loan facility of USD 500 million, over Rs. 2,700 crore, on the due date. The loan was taken in 2007 from a group of international banks," RCom said in a statement.

RCom had reported net debt of around Rs. 37,360 crore as on December 31, 2012.

The shares of the company were trading at Rs. 110 a piece, up by 0.27 percent, in an afternoon session on May 10, 2013, at BSE.