Reliance Communications
1.38
-0.03(-2.13%)
Market Cap₹389.90 Cr
PE Ratio-
IndustryTelecom
Company Performance:
1D-2.13%
1M0.00%
6M-12.10%
1Y-33.97%
5Y-4.83%
View Company Insightsright
More news about Reliance Communications
26Jul 25
Enforcement Directorate Raids Reliance Communications Office in Mumbai
The Enforcement Directorate (ED) conducted a search and seizure operation at Reliance Communications Limited's (RCom) Navi Mumbai office, seizing two laptops and email dumps of the CFO and Company Secretary. RCom assured stakeholders that this action would not impact its financial position or operations. The company, under insolvency proceedings since June 2019, is currently managed by a Resolution Professional. RCom promptly informed stock exchanges about the ED's action in compliance with regulatory requirements.
22Jul 25
SBI Reclassifies Reliance Communications and Anil Ambani as 'Fraud', Initiates CBI Complaint
State Bank of India (SBI) has classified Reliance Communications (RCom) and its promoter director Anil D. Ambani as 'fraud' in line with RBI's Master Directions on Fraud Risk Management. SBI reported this to RBI on June 24 and plans to file a complaint with CBI. The bank's exposure to RCom includes ₹2227.64 crore in fund-based principal outstanding and ₹786.52 crore in non-fund-based bank guarantees. RCom is undergoing Corporate Insolvency Resolution Process, while SBI has initiated Personal Insolvency Resolution Process against Ambani.
01May 25
RCom's ₹550 Crore Refund Plea Against Ericsson: NCLT Decision Due in June
Reliance Communications (RCom) has filed a plea with the National Company Law Tribunal (NCLT) for a ₹550 crore refund from Ericsson, claiming the 2019 payment was preferential treatment to an operational creditor. Ericsson's legal team has dismissed the claim as 'frivolous'. The NCLT hearing is scheduled for June 11 and 12, with the decision potentially impacting RCom's financial restructuring efforts and setting a precedent for operational creditor payments in insolvency cases.
30Apr 25
RCom's Resolution Professional Seeks ₹550 Crore Refund from Ericsson, NCLT to Hear Petition
Reliance Communications' resolution professional has filed a petition with the NCLT Mumbai bench, seeking a refund of ₹550 crore paid to Ericsson in 2019. The RP argues this payment constituted preferential treatment to an operational creditor. Ericsson opposes the refund, citing a Supreme Court order. The case raises questions about the treatment of court-ordered payments in insolvency proceedings and could set a precedent for future corporate insolvency cases in India.
04Apr 25
Reliance Communications Reveals ₹40,413 Crore Debt Amid Regulatory Scrutiny
Reliance Communications Limited (RCOM) reported a total financial indebtedness of ₹40,413.00 crore as of March 31, 2023, excluding accrued interest. The company received cautionary emails from NSE and BSE for delayed disclosure of a SEBI order. RCOM, currently under corporate insolvency resolution process since June 2019, cited operational challenges and limited personnel as reasons for the delay in disclosure.
03Apr 25
Reliance Communications Director Resigns Amid Anil Ambani's Legal Challenges
Reliance Communications Limited (RCom) announces the resignation of Director Shri Punit Narendra Garg, effective April 1, 2025. Meanwhile, former RCom chairman Anil Ambani withdraws petition challenging an Income Tax notice after Bombay High Court imposes ₹25,000 cost for 'artificial urgency'. RCom remains under corporate insolvency resolution process since June 28, 2019.
01Apr 25
Reliance Communications Reports Subsidiary Dissolutions and Financial Loss
Reliance Communications Limited (RCOM) has announced the dissolution of two foreign step-down subsidiaries: Anupam Global Soft (U) Limited in Uganda and Lagerwood Investments Limited in Cyprus. The company, currently under corporate insolvency resolution process, reported a consolidated net loss of 490 million rupees. RCOM stated that the subsidiary dissolutions would not impact its operations, and there is no financial impact on its standalone financial statements. The company's affairs are being managed by a Resolution Professional since June 2019.
31Mar 25
Reliance Communications Reports Corporate Restructuring and Financial Loss
Reliance Communications (RCOM) announced the striking off of its Ugandan subsidiary Anupam Global Soft and dissolution of Cyprus-based Lagerwood Investments. The company reported a consolidated net loss of ₹490 million. RCOM stated these changes have no significant operational or financial impact. The company, currently under insolvency resolution, is managed by a Resolution Professional since June 2019.
Reliance Communications
1.38
-0.03
(-2.13%)
1 Year Returns:-33.97%
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