Shares of Anil Ambani-led Reliance Communications Ltd (RCom) were locked in the upper circuit on Tuesday after his elder brother Mukesh Ambani helped pay off the debt owed to Sweden's Ericsson.

Reliance Communications jumps after Mukesh Ambani bails out brother Anil on Ericsson dues

In a "heartfelt" message, industrialist and RCom chief Anil Ambani thanked his elder brother Mukesh Ambani for his "timely support". Anil Ambani's RCom managed to pay back Swedish telecom giant Ericsson on Monday, just a day before a Supreme Court deadline, thereby avoiding a prison term.

In heartfelt message, Anil Ambani thanks brother Mukesh for 'timely support during trying times'

Business tycoon Anil Ambani is planning to use a payment from his brother's company and the sale of real estate assets to pay what he owes to Sweden's Ericsson following a court ruling this week, a source familiar with the matter said.

Anil Ambani's RCom looks to real estate assets, Jio deal to pay Ericsson dues

Reliance Communications has decided to opt for insolvency proceedings following its failure to sell assets for paying back its lenders, the Anil Ambani-led telecom firm said Friday.

RCom to go for insolvency resolution process after failure to repay debt

The system is expected to boost Global Cloud Exchange's revenue in five years

Reliance Communications to construct 68,000 km submarine cable

The sale, if finalised, would mark a big step in Reliance Communication's quest to cut down its debt.

Reliance Jio to buy RCom's wireless assets in $3.75 billion deal: Sources

India's Reliance Communications Ltd outlined a plan to cut its debt by 390 billion rupees ($6.09 billion)

Anil Ambani's RCom outlines new debt reduction plan with no write-offs

RCom's shares have tumbled 18 per cent to a series of record lows since the Aircel merger was called off

Agreed to a new debt repayment plan with lenders: Reliance Communications

The debt-laden firm has asked its 1,500-2,000 employees to look for jobs.

RCom hangs up on wireless telephony business

RCom and Aircel had signed binding agreements in September 2016 for the merger of mobile business

RCom calls off merger with Aircel due to 'regulatory' hurdles

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