|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||1.9500 - 2.1000|
|52-week range||1.8500 - 21.7000|
|Beta (3Y monthly)||1.75|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||17.00|
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An Indian appellate tribunal has lifted a stay on insolvency proceedings against business tycoon Anil Ambani's debt-laden Reliance Communications, the Economic Times reported on Tuesday. The decision by the National Company Law Appellate Tribunal (NCLAT) could potentially force Sweden's Ericsson to return 5.5 billion Indian rupees ($79.06 million) in dues and interest that RCom paid the telecoms equipment maker last month. Ericsson dragged RCom to the National Company Law Tribunal last year over unpaid dues from a deal it had signed in 2014 to deliver and operate RCom's network, but the proceedings had been stayed as the two sides negotiated an out of court settlement.
Debt-ridden Reliance Communications (RCom) on Tuesday withdrew its petition challenging an NCLT order that allowed insolvency resolution process against the company.
French newspaper Le Monde reported on Saturday that France waived a tax demand of 143.7 million euros on a French subsidiary of Reliance Communications in 2015 when it was negotiating to sell the jets to India. The longstanding tax dispute was resolved between February and October that year, Le Monde said.
Reliance Communications Ltd (RCom) asked the Supreme Court to allow the company to withdraw its application against insolvency.
Telecom equipment maker Ericsson received 4.62 billion rupees (50.79 million pounds)from RCom as unpaid dues from a deal it had signed in 2014, a spokeswoman said on Monday. India's richest man Mukesh Ambani, who controls oil-to-telecoms powerhouse Reliance Industries, appears to have offered support to ensure Anil Ambani paid off total dues of 5.5 billion rupees ($80 million) to Ericsson.
Telecom equipment maker Ericsson received 4.62 billion rupees ($67.42 million) from RCom as unpaid dues from a deal it had signed in 2014, a spokeswoman said on Monday. India's richest man Mukesh Ambani, who controls oil-to-telecoms powerhouse Reliance Industries, appears to have offered support to ensure Anil Ambani paid off total dues of 5.5 billion rupees ($80 million) to Ericsson.
The Ambani brothers, whose public feud over control of the Reliance empire after their father's death in 2002 led to a split in the conglomerate, may have taken a major step to a more harmonious relationship on Monday. India's richest man Mukesh Ambani, who controls oil-to-telecoms powerhouse Reliance Industries that is now worth many times the troubled business group run by his younger brother Anil, appears to have offered some kind of support to ensure Anil paid off a 5.5 billion rupees debt. If Anil didn't pay the debt, then he had been threatened by India's Supreme Court with a prison term.
Anil Ambani-led Reliance Communications Ltd said on Monday it terminated a deal to sell its telecom assets to Reliance Jio Infocomm, the mobile telecoms firm controlled by Anil's elder brother and Asia's ...
New Delhi: Racing against time to meet the Supreme Court’s deadline, Reliance Communications (RCom) has paid…
The National Company Law Appellate Tribunal Wednesday reserved its order on a petition by Reliance Communications which has approached the tribunal seeking the release of income tax refunds to clear dues of Ericsson.
Reliance Communications has been asked by both the Supreme Court and the NCLAT to pay Rs 550 crore to Ericsson.
Lenders of Reliance Communications (RCom) on Tuesday contended before the NCLAT that they have the first right over Rs 260 crore, which the debt-ridden company has received as the income tax refund.
We're definitely into long term investing, but some companies are simply bad investments over any time frame. It hits us in the gut when we see fellow investors suffer aRead More...
Financial creditors of the debt ridden Reliance Communications on Wednesday opposed its plea to release the Income tax refunds to clear dues of Ericsson before the National Company Law Appellate Tribunal (NCLAT).
India's Supreme Court on Wednesday ordered Ambani's Reliance Communications Ltd and two of its directors to pay Ericsson 4.5 billion rupees ($63.30 million) within four weeks or face a three-month jail term for contempt of court. RCom owes a total 5.71 billion rupees to the Swedish telecoms equipment maker, including a one-time settlement of 5.5 billion rupees and interest payments of 210 million rupees. The company said in a statement on Thursday it has already deposited 1.18 billion rupees with the Supreme Court and has sought approval from its lenders to release tax refunds of a further 2.6 billion rupees to Ericsson.