RCOM.BO - Reliance Communications Limited

BSE - BSE Real Time Price. Currency in INR
+0.15 (+0.55%)
At close: 3:59PM IST
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Previous close27.40
Bid0.00 x 0
Ask0.00 x 0
Day's range27.40 - 27.95
52-week range9.60 - 41.77
Avg. volume14,499,003
Market cap68.571B
PE ratio (TTM)N/A
EPS (TTM)-18.11
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • IANS5 days ago

    Top honour for GCX, RCOM at Times Ascent Dream Companies to Work 2018 Awards

    Mumbai, Feb 20 (IANS) Global Cloud Xchange (GCX) and Reliance Communications (RCOM) received the top honour in the "Institution Building Category" at the recently-concluded Times Ascent Dream Companies to Work 2018 Awards organised by World HRD Congress. Bill Barney, CEO, GCX & RCOM was also honoured in the "CEO with HR Orientation" along with Gina Haspilaire, Chief Human Resources Officer, GCX & RCOM, who was presented with the Femina Exemplary Leadership Award at the ceremony, a company statement said here on Tuesday.

  • IANS9 days ago

    RCOM shareholders approve asset monetisation

    Mumbai, Feb 16 (IANS) Reliance Communications (RCOM) shareholders approved the resolution to monetise the spectrum, towers, fibre, telecom infrastructure and other assets with overwhelming majority of ...

  • Reuters9 days ago

    Reliance Communications shareholders approve asset sale plan

    REUTERS - Debt-laden Reliance Communications Ltd said on Friday its shareholders approved its asset sale plan, under which the telecoms carrier would sell its wireless assets to Reliance Jio Infocomm Ltd ...

  • Reuters12 days ago

    Reliance Communications calls bondholders' meet over asset-sale plan

    REUTERS - Debt-laden telecoms carrier Reliance Communications Ltd will hold a meeting of its bondholders on March 6 to seek approvals for asset-sale plans, the company said in a regulatory filing late ...

  • IANS12 days ago

    RCOM convenes meeting with bond holders in London

    New Delhi, Feb 12 (IANS) Reliance Communications (RCOM) has convened a meeting of $300 million bond holders on March 6 in London, according to sources. The company is seeking bond holders' approval for ...

  • IANS27 days ago

    RCOM's loss reduces by over 95% in Q3

    New Delhi, Jan 29 (IANS) Reliance Communications' (RCOM) loss came down substantially in the third quarter of 2017-18 by over 95 per cent as the company exited from the consumer business, a company statement ...

  • Reliance Communications narrows loss as sells off wireless assets
    Reuters27 days ago

    Reliance Communications narrows loss as sells off wireless assets

    RCom, controlled by businessman Anil Ambani and once India's second-biggest phone carrier, has faced a string of bankruptcy proceedings in recent months over unpaid dues. To raise funds and help repay what it owes, RCom announced plans to sell most of its wireless assets to another carrier Reliance Jio Infocomm Ltd owned by Mukesh Ambani - India's richest person and Anil Ambani's older brother.

  • IANS2 months ago

    'New' RCOM to be India's largest B2B business: Anil Ambani

    New Delhi, Jan 4 (IANS) The "new" Reliance Communications (RCOM) will be "capex light" and emerge as India's largest B2B (business-to-business) entity that is "focussed on the global and enterprise business", according to Reliance Group Chairman Anil Ambani. It will also have a "strong strategic partner coming in the next few months", Ambani said in a wide-ranging interview to The Economic Times, his first in a decade. "New RCOM will be stronger and be India's largest B2B business.

  • Lenders to Reliance Communications May Face a Potential Earnings Hit
    Bloomberg2 months ago

    Lenders to Reliance Communications May Face a Potential Earnings Hit

    Things are looking up for investors in billionaire Anil Ambani’s Reliance Communications Ltd. after the Indian phone company staved off insolvency by agreeing to sell assets to the chairman’s brother. ...

  • IANS2 months ago

    RCOM's decision to monetise wireless assets a good development: SBI Chairman

    New Delhi, Dec 29 (IANS) A day after Reliance Communications (RCOM) announced it was selling its wireless assets to Reliance Jio, State Bank of India Chairman Rajnish Kumar on Friday termed it a good development and would hopefully set an example for other promoters. "It is a very good and welcome development. Despite the fact that there is a stress in the telecom sector, I am hoping that this will set a very good example for the other promoters also of the companies which are under stress," Kumar told BTVi in an interview.

  • Reuters2 months ago

    Reliance Jio to buy all wireless assets of Reliance Communications

    Anil Ambani's debt-laden Reliance Communications Ltd has signed an agreement to sell its wireless assets to Reliance Jio Infocomm Ltd, the telecoms arm of elder brother and billionaire Mukesh Ambani's oil conglomerate Reliance Industries Ltd, both the companies said in separate statements on Thursday. The sale comprises of all spectrum, tower, fibre optic and other telecom infrastructure assets of Reliance Communications and is subject to government and other regulatory approvals, the statements said. The sale marks the return of the telecom company back to the fold of Reliance Industries, which forayed into telecoms in 2002, spearheaded by elder Ambani, under the name of Reliance Infocomm Ltd.

  • IANS2 months ago

    RCOM stocks continue upsurge on debt reduction announcement

    Mumbai, Dec 27 (IANS) Shares of Reliance Communications (RCOM) on Wednesday continued to surge a day after Reliance Group's Chairman Anil Ambani announced plans to reduce the company's debt by Rs 25,000 ...

  • Reliance Communications Extends Gain on Asset Sale Signals
    Bloomberg2 months ago

    Reliance Communications Extends Gain on Asset Sale Signals

    Reliance Communications Ltd. shares extended gains in Mumbai trading after the embattled telephone carrier said Tuesday it was in the final stages of selling some assets to exit a debt restructuring program ...

  • IANS2 months ago

    Only 'moral financing' prevails, says Anil Ambani

    Mumbai, Dec 27 (IANS) For Reliance Communications, repaying its debt was not just about business but a moral imperative, Reliance Group Chairman Anil Ambani said while announcing the roadmap to cutting RCOM's debt to Rs 6,000 crore. Replying to a question on Tuesday, Ambani said: "This is not just about business and repaying debt. RCOM's decision to drastically cut debt and pay back lenders was widely welcomed on social media, with the hashtag #AnilAmbaniWalksTheTalk trending at No.3 in India on Wednesday.

  • Reuters2 months ago

    RCom says offers made for some assets under debt reduction plan

    India's Reliance Communications Ltd outlined on Tuesday a plan to cut its debt by 390 billion rupees ($6.09 billion) underpinned by the sale of assets for which some non-binding offers had already been made. Reliance Communications (RCom) said on Tuesday it would involve no write-offs to lenders or bondholders, nor conversion of debt to equity. The firm will exit the "strategic debt restructuring" process that allows lenders to conduct takeovers by swapping loans for equity, Anil Ambani, the businessman backing the company, told a news conference on Tuesday.

  • IANS2 months ago

    RCOM stock zoom over 30% on debt reduction plan announcement

    Mumbai, Dec 26 (IANS) Shares of Reliance Communications (RCOM) zoomed over 30 per cent after Reliance Group's Chairman Anil Ambani on Tuesday announced that following restructuring, the company will reduce ...

  • IANS2 months ago

    RCOM debt cut by Rs 25K cr to Rs 6K cr: Anil Ambani

    Mumbai, Dec 26 (IANS) Reliance Group Chairman Anil Ambani on Tuesday said the company has achieved full resolution of Reliance Communications' debt restructuring that will reduce its debt by Rs 25,000 ...

  • Reliance Communications Bondholders Organize After Default
    Bloomberg2 months ago

    Reliance Communications Bondholders Organize After Default

    Bondholders of Reliance Communications Ltd., the embattled Indian mobile phone operator controlled by billionaire Anil Ambani, have hired advisers after the company defaulted on its dollar-denominated ...

  • Reuters3 months ago

    Exclusive - More Chinese lenders plan to pursue Reliance Communications in insolvency court: sources

    HONG KONG/MUMBAI/BEIJING (Reuters) - Two major Chinese lenders plan to support a move by China Development Bank to put Indian wireless carrier Reliance Communications (RCom) into insolvency court as they seek to recover about $2 billion in debt, said three people with knowledge of the matter. Last month, CDB began insolvency proceedings against RCom, which has been trying for months to restructure its debt via a debt-for-equity swap.

  • Indian public relations firm files insolvency plea against Reliance Communications
    Reuters3 months ago

    Indian public relations firm files insolvency plea against Reliance Communications

    Ltd has filed an insolvency petition against phone carrier Reliance Communications Ltd over a claim for unpaid dues of 4.4 million rupees ($68,000), a lawyer representing the public relations firm said on Monday. Separately, Fortuna has filed another insolvency petition against Reliance Webstore Ltd, a unit of the phone carrier, over unpaid dues of about 4.1 million rupees, said Darshan Mehta, a partner at Mumbai law firm Dhruve Liladhar & Co, which is representing Fortuna in the two cases.

  • Bloomberg3 months ago

    Public-Relations Company Seeks Insolvency Proceedings for RCom

    A public-relations firm became the latest company to ask an Indian tribunal to place billionaire Anil Ambani-run Reliance Communications Ltd. under insolvency proceedings after the unprofitable mobile-phone ...

  • Reuters3 months ago

    RCom says majority of creditor banks oppose CDB insolvency petition

    Debt-laden Indian wireless carrier Reliance Communications (RCom) on Thursday said that a majority of its 31 creditor banks have decided to oppose China Development Bank's (CDB) insolvency petition against the company. After a meeting on Wednesday, the lenders have named Indian law firm J. Sagar Associates as their legal counsel to oppose the CDB petition, RCom said in a statement.

  • RCom debt restructuring clouded by CDB insolvency action
    Reuters3 months ago

    RCom debt restructuring clouded by CDB insolvency action

    MUMBAI/BEIJING (Reuters) - Indian telecom player Reliance Communications' (RCom) planned debt restructuring could be complicated by China Development Bank's (CDB) triggering of insolvency action against the beleaguered company. CDB initiated insolvency proceedings on Friday at India's National Company Law Tribunal (NCLT), the bank said in a brief statement to Reuters, adding that a large amount of principal and interest from RCom was overdue.

  • IANS3 months ago

    RCOM enters into pact to sell DTH operation

    Mumbai, Nov 28 (IANS) Reliance Communications (RCOM) on Tuesday said it has entered into a binding "Share Purchase Agreement" with Pantel Technologies and Veecon Media & Television for the sale of its subsidiary Reliance BIG TV (RBTV). According to the company, pursuant to this transaction, the buyers will acquire the entire shareholding of its subsidiary engaged in the business of Direct-to-Home (DTH) services across India on an "as-is, where-is" basis. "The existing DTH license of BIG TV is being renewed and the required bank guarantees have already been submitted to the Ministry of Information and Broadcasting," the company said in a statement.