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    Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710 CIN No.: L45309MH2004PLC147531

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    Krishna Reddy Svvs
    Reliance Communications (RCOM) has clarified that recent media reports about its Committee of Creditors planning to sell its headquarters are factually inaccurate. The headquarters property belongs to RCOM subsidiary Reliance Realty. While Reliance Realty and another subsidiary have approved initiating a sale process for some of their properties, including the headquarters, any final sale would require RCOM shareholder approval. The Resolution Professional has been informed but the Committee of Creditors has not approved any sales at this stage.

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    Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710 CIN No.: L45309MH2004PLC147531

    Uploaded by

    Krishna Reddy Svvs
    22 views2 pages
    Reliance Communications (RCOM) has clarified that recent media reports about its Committee of Creditors planning to sell its headquarters are factually inaccurate. The headquarters property belongs to RCOM subsidiary Reliance Realty. While Reliance Realty and another subsidiary have approved initiating a sale process for some of their properties, including the headquarters, any final sale would require RCOM shareholder approval. The Resolution Professional has been informed but the Committee of Creditors has not approved any sales at this stage.

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    Reliance Communications (RCOM) has clarified that recent media reports about its Committee of Creditors planning to sell its headquarters are factually inaccurate. The headquarters property belongs to RCOM subsidiary Reliance Realty. While Reliance Realty and another subsidiary have approved initiating a sale process for some of their properties, including the headquarters, any final sale would require RCOM shareholder approval. The Resolution Professional has been informed but the Committee of Creditors has not approved any sales at this stage.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views2 pages

    Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710 CIN No.: L45309MH2004PLC147531

    Uploaded by

    Krishna Reddy Svvs
    Reliance Communications (RCOM) has clarified that recent media reports about its Committee of Creditors planning to sell its headquarters are factually inaccurate. The headquarters property belongs to RCOM subsidiary Reliance Realty. While Reliance Realty and another subsidiary have approved initiating a sale process for some of their properties, including the headquarters, any final sale would require RCOM shareholder approval. The Resolution Professional has been informed but the Committee of Creditors has not approved any sales at this stage.

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    Reliance Communications Limited Tel : +91 022 3038 6286

    Dhirubhai Ambani Knowledge City Fax: +91 022 3037 6622


    Navi Mumbai - 400 710, India www.rcom.co.in

    January 23, 2023

    The General Manager The Manager


    Corporate Relationship Department National Stock Exchange of India Ltd.
    BSE Limited Exchange Plaza, C/1, Block G
    Phiroze Jeejeebhoy Towers Bandra - Kurla Complex, Bandra (East)
    Dalal Street, Fort, Mumbai 400 051
    Mumbai 400 001

    BSE Scrip Code: 532712 NSE Symbol: RCOM

    Dear Sir(s),

    Sub: Clarification regarding news items in accordance with Regulation 30 of the


    Securities and Exchange Board ofIndia (Listing Obligations and Disclosure
    Requirements) Regulations, 2015

    RCOMhas noted that certain reported news articles have indicated that the committee of
    creditors (“CoC”) of RCOM is planning to put up the headquarters of RCOM, situated at
    Dhirubhai Ambani Knowledge City, Navi Mumbai (“DAKC Property”), for sale and has set up a
    committee consisting of two lenders and the resolutionprofessional to identify buyers for such
    assets.

    At the outset, it is clarified that the media reports indicating that the CoC or the resolution
    professional of RCOM is conducting any process for sale of the DAKC Property is factually
    inaccurate. It is important to highlight that the DAKC Property is an asset of a subsidiary of the
    Company, namely Reliance Realty Limited (“RRL”).

    In the interest of complete disclosure, it may be noted that the board of directors of two wholly
    owned subsidiaries of RCOM, namely RRL and Campion Properties Limited (“CPL”) (RRL and
    CPL are collectively referred to as “Selling Companies”) have vide their respective board
    resolutions approved the initiation of sale process for certain propertiesowned by such Selling
    Companies (“Properties”). These Properties inter alia include the DAKC Property.

    Further, given that the sale of the Properties shall also require the approval of RCOM (being the
    sole shareholder of the Selling Companies) under the Companies Act, 2013, the Selling

    Registered Office:
    Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710
    CIN No.: L45309MH2004PLC147531
    Companies have intimated RCOM in its capacity as the shareholder of the Selling Companies,
    regarding the proposed process being initiated by the Selling Companies for identification of
    potential buyers, and at the time of finalisation of the terms of sale, the Selling Companies shall
    respectively approach RCOM for seeking necessary approvals, in its capacity of being
    shareholder of the Selling Companies.

    The resolution professional of the Company has intimated and deliberated over the above
    matter with the committee of creditors of the Company; however, no approval has been sought
    from or given by the committee of creditors regarding the sale of the Properties at this stage.

    You are requested to kindly take the above information on record.

    Thanking you.

    Yours faithfully,
    For Reliance Communications Limited

    RAKESH Digitally signed by


    RAKESH GUPTA

    GUPTA Date: 2023.01.23


    10:06:13 +05'30'

    Rakesh Gupta
    Company Secretary

    (Reliance Communications Limited is under corporate insolvency resolution process pursuant to


    the provisions of the Insolvency and Bankruptcy Code, 2016. With effect from June 28, 2019, its
    affairs, businessand assets are being managed by, and the powers of the board of directors are
    vested in, the Resolution Professional, Mr. Anish Niranjan Nanavaty, appointed by Hon'ble
    National Company Law Tribunal, Mumbai Bench, vide order dated June 21, 2019 which was
    published on the website of the Hon'ble National Company Law Tribunal, Mumbai Bench on
    June 28, 2019).

    Registered Office:
    Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710
    CIN No.: L45309MH2004PLC147531

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