The ailing communications company soon to wind up its 2G business who has defaulted on international debt after faulting in the Indian markets is now to be removed from the BSE 200.
The Anil Ambani led company will see an exit from BSE 200 index from next month. The company in the year 2006 was part of the elite Sensex group of companies.
The development saw the scrip of the company cracking by 5%. But later it pared most of its losses and was seen trading at Rs. 12 at 12:31 pm on the BSE.
The debt-ridden company is seeing no relief in near term.