Reliance Jio-RCom agreement in a limbo over bank guarantee

Govt has refused to release a no-objection certificate for sale of assets without an undertaking from Jio to settle past dues

B NY AV AD HA PAN DE Y navadha.p@livemint.com
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Just over a year ago, India’s richest man Mukesh Ambani offered a bail- out option f or younger brother Anil Ambani’s beleaguered company Reliance Communications Ltd, signing a deal in which Reliance Jio Infocomm Ltd would buy the latter’s telecom...

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