Mumbai (Maharashtra), Nov. 16 -- : Billionaire industrialist Anil Ambani on Saturday resigned as Director of Reliance Communications as the bankrupt telecom operator nears sale of its assets under an insolvency process.
"Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar have also resigned from positions of directors," the company said in a statement.
"Manikantan V has also tendered his resignation as a Director and Chief Financial Officer of the company earlier. The aforementioned resignations will be put up to the committee of creditors for their consideration," the company said.
The development follows RCom's consolidated loss of Rs 30,142 crore for the second quarter released late on Friday after provisioning for statuto...