RCom chairman Anil Ambani to draw no salary in FY18

Anil Ambani, Chairman of India's Reliance Communications, addresses a news conference in Mumbai (Photo: Kamlesh Pednekar)

Latest News – Reliance Communications chairman Anil Ambani will not take any salary or commission in the current financial year as the company is reeling under huge debt and credit downgrades.

The top management of the company has also decided to defer their personal pay by 21 days till the end of this year.

“Chairman, Reliance Group, Anil D Ambani voluntarily decides to draw no salary or commission from RCom in current financial year,” RCom said in a statement.

The company has defaulted on some of the payments to lenders and it has received time till December for strategic restructuring plan under which it will get a seven-month (Read More)

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