RELIANCE COMMUNICATIONS LTD. - Reliance Communications Ltd reply to clarification sought by the exchange

The Exchange had sought clarification from Reliance Communications Ltd with respect to news appearing in The Economic Times on May 6, 2015 titled "RCom Looks to Walk Out of Tower Business"<BR> <BR>Reliance Communications Ltd replied stating "We wish to inform you that as part of already announced plans to substantially reduce the Company's overall debt, the Company keeps exploring and analyzing various strategic alternatives.<BR><BR>As one of such alternatives, the Company has invited certain Investment Banks to make proposals for running a process to monetise the valuable tower and fiber assets held in its subsidiary, Reliance Infratel Ltd. within the current financial year. The Company will make further disclosures, as and when these developments lead to a disclosable event."<BR><BR><BR><BR>