Bharti Airtel, Bharti Infratel and private equity firm Varde Partners have submitted their bids for assets of debt-laden Reliance Communications, while Reliance Jio has sought extension of the asset sale deal deadline by another 10 days.
Airtel has placed conditional bid to buy spectrum of RCom while Bharti Infratel has submitted bids for mobile towers, a Bharti spokesperson said. Banking sources involved in the process told PTI that a total of six bids have come for assets of Anil Ambani-led RCom on Monday.
“Six bids have come for assets of Reliance Communications. This includes bid from Bharti Airtel, Bharti Infratel, private equity firm Varde Partners. RCom committee of creditors is scheduled to meet on November 13, 2019 to take call on the bids opening,” a banking source said.