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Anil Ambani Group Company Shares Down; RCom Trades Higher By 5%
After the lenders rejected the resignation of Anil Ambani and 4 other directors, the shares of Anil Ambani led companies traded lower. Reliance company shares which declined in intraday deal on Monday include Reliance Capital, Reliance Infrastructure and Reliance Home ...
Anil Ambani And 4 Others Resign As RCom Directors
Anil Ambani and four others have resigned as directors of Reliance Communications Ltd (RCom) amid ongoing insolvency proceedings. In a BSE filing, Reliance Communications Ltd informed the exchange of that five directors, including Anil D Ambani, Chhaya Virani, Ryna Karani, ...
RCom Reports Q4 Net Loss At Rs. 7,767 crore
On Monday, Reliance Communication, undergoing insolvency proceedings, reported March ended results with a consolidated net loss at Rs. 7767 crore. In the same period, a year ago, the telecom company reported a loss figure of Rs. 19,776 crore. Total income at ...
Shares Of RCom Surge 10% On Debt Repayment
Shares of Anil Ambani-led Reliance Communications (RCom) gained 10 percent in early morning trade today and has remained at the price of Rs 4.40 apiece throughout the day. The surge follows the company's announcement that it had paid Rs 550 crore ...
Supreme Court Holds Anil Ambani Guilty Of Contempt
The Supreme Court on Wednesday held Reliance Communications chairman Anil Ambani and two other directors guilty of contempt for not willfully paying dues worth Rs 550 crore to the Swedish telecom equipment maker Ericsson. According to a PTI report, they faced ...
RCom Nosedives 50% As Investors React To Its Debt Resolution Plan
Reliance Communications shares nosedived by a sharp 48% in the early morning trade on Monday after the company's investors reacted to news concerning its debt resolution plan. RCom aiming to resolve its debt related issues has decided to file for bankruptcy. ...
Reliance Communications To Voluntarily File For Bankruptcy
Reliance Communications Ltd will be filing for bankruptcy to resolve its debt related matters. The Anil Ambani-led company that has over Rs 40,000 crore in debt said on Friday evening that has been unable to gain 100 percent approval of all ...
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