<p>Reliance Communications today said it has fully repaid an overseas debt of Rs 3,100 crore on schedule.<br /><br /></p>.<p>"It has fully repaid another syndicated ECB (external commercial borrowing) loan of USD 500 million, Rs 3,100 crore approximately, on the scheduled due date today," RCom said in a statement.<br /><br />With this payment, the telecom operator's net debt has come down to about Rs 38,000 crore, from Rs 41,169 crore as on September 30.<br /><br />In the current fiscal, 2013-14, RCom had earlier made full payment of two other syndicated ECB loans aggregating to USD 1 billion (Rs 6,200 crore) and bilateral ECB of more than USD 310 million (Rs 1,900 crore), the statement said.<br /><br />"With these repayments, RCom has now fully liquidated the borrowings from 23 foreign banks and financial institutions," the company said.<br /><br />RCom scrip was trading at Rs 132.15, up by 1.54 per cent, in afternoon session on the BSE. </p>
<p>Reliance Communications today said it has fully repaid an overseas debt of Rs 3,100 crore on schedule.<br /><br /></p>.<p>"It has fully repaid another syndicated ECB (external commercial borrowing) loan of USD 500 million, Rs 3,100 crore approximately, on the scheduled due date today," RCom said in a statement.<br /><br />With this payment, the telecom operator's net debt has come down to about Rs 38,000 crore, from Rs 41,169 crore as on September 30.<br /><br />In the current fiscal, 2013-14, RCom had earlier made full payment of two other syndicated ECB loans aggregating to USD 1 billion (Rs 6,200 crore) and bilateral ECB of more than USD 310 million (Rs 1,900 crore), the statement said.<br /><br />"With these repayments, RCom has now fully liquidated the borrowings from 23 foreign banks and financial institutions," the company said.<br /><br />RCom scrip was trading at Rs 132.15, up by 1.54 per cent, in afternoon session on the BSE. </p>