RCOM.NS - Reliance Communications Ltd

NSE - NSE Real Time Price. Currency in INR
13.60
-0.35 (-2.51%)
At close: 3:29PM IST
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Previous close13.95
Open13.95
Bid0.00 x 0
Ask0.00 x 0
Day's range13.45 - 14.10
52-week range9.60 - 41.00
Volume41,097,447
Avg. volume36,536,402
Market cap37.611B
BetaN/A
PE ratio (TTM)N/A
EPS (TTM)-10.84
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est20.38
  • Reliance Communications Faces Insolvency Risks, SC Lowy Says
    Bloomberg4 days ago

    Reliance Communications Faces Insolvency Risks, SC Lowy Says

    Reliance Communications Ltd., the Indian mobile phone operator that defaulted on dollar bonds last week in the highest-profile debt failure since the country’s new bankruptcy code was passed, faces risks ...

  • Reuters6 days ago

    Moody's withdraws RCom's credit rating after missed payment

    Rating agency Moody's said on Friday it has withdrawn its credit rating on Reliance Communications, as it considers the Indian telecom operator to be in default for missing an interest payment on its bonds that was due last week. Debt-laden Reliance Communications posted a fourth straight quarterly loss last week and said it had failed to pay interest on some debentures, sending its shares tumbling. "Moody's has withdrawn the ratings as a missed scheduled payment of either interest or principal is considered a default under Moody's definitions," the rating agency said in a note.

  • Reuters6 days ago

    Aircel delays debt servicing, says ratings agency

    Indian mobile carrier Aircel Ltd has delayed servicing its debt obligations, a ratings agency said, adding to the woes of the country's telecoms sector that has been rattled by a price war and high debt levels. CARE Ratings downgraded unlisted Aircel's long-term bank facilities, which it said was at 174.79 billion rupees ($2.7 billion). It was not immediately known how much the total debt was at Aircel, the sixth-ranked Indian mobile carrier by subscribers and 74 percent owned by Malaysia's Maxis Communications Bhd.

  • Financial Times7 days ago

    [$$] Aircel joins Reliance Communications in debt default

    Aircel has become the latest Indian telecoms company to default on its loans, according to one of the country's largest credit rating agencies, as the entrance of Mukesh Ambani to the market continues ...

  • Billionaire Anil Ambani's Reliance Communications Woes in Charts
    Bloomberg9 days ago

    Billionaire Anil Ambani's Reliance Communications Woes in Charts

    Once a giant in India’s telecom market, Reliance Communications Ltd. is now defaulting on its debt.

  • Reliance Communications Defaults in High-Profile India Test
    Bloomberg10 days ago

    Reliance Communications Defaults in High-Profile India Test

    The first default on U.S. dollar bonds by an Indian company in 15 months may become a closely-watched test case for how international creditors will fare under the country’s new bankruptcy laws.

  • Financial Times10 days ago

    [$$] Reliance Communications shares sink on missed debt repayments

    Shares and bonds in Reliance Communications, the struggling telecoms group run by billionaire tycoon Anil Ambani, plummeted to record lows on Monday after the company announced heavy losses over the weekend ...

  • Reuters10 days ago

    RCom's loss, missed payments send shares plunging to record low

    India's Reliance Communications posted a fourth straight quarterly loss and said it failed to pay interest on some debentures, sending the debt-laden firm's shares tumbling 14 percent to a record low and its bonds down on Monday. The Anil Ambani-controlled telecom operator reported late on Saturday a quarterly loss of 27.09 billion rupees ($414.06 million), compared with a profit of 620 million rupees a year ago. Revenue nearly halved to 26.67 billion rupees, amid a price war started by upstart rival Reliance Jio, which is backed by Anil's elder brother Mukesh Ambani.

  • Reliance Communications Bonds and Stocks Tumble to Record Lows
    Bloomberg11 days ago

    Reliance Communications Bonds and Stocks Tumble to Record Lows

    Reliance Communications Ltd., the embattled mobile phone operator controlled by Anil Ambani, slid to record lows in the stock and bond market Monday after saying over the weekend that it missed local debt ...

  • The Wall Street Journal16 days ago

    [$$] Cellular Rivalry: India’s Richest Man Imperils Brother’s Company

    India’s richest man is muscling into the country’s highly competitive telecommunications market, and his first victim could be his own brother.

  • Bloomberg17 days ago

    Reliance Communications Says It Isn't Paying Dollar Bond Coupon

    Reliance Communications Ltd., the Indian mobile phone operator controlled by billionaire Anil Ambani, said it isn’t paying a dollar bond coupon.

  • Reliance Communications Bonds Fall to Record on Missed Payment
    Bloomberg17 days ago

    Reliance Communications Bonds Fall to Record on Missed Payment

    Bonds sold by Reliance Communications Ltd., the Indian mobile phone operator controlled by billionaire Anil Ambani, plunged to a record low after the company missed an interest payment.

  • Reuters17 days ago

    Reliance Communications to sell DTH business to reduce debt

    REUTERS - Telecom operator Reliance Communications Ltd said on Monday it signed an agreement to sell its non-core Direct-to-Home business, in a bid to reduce debt load. Veecon Media & Television will buy ...

  • Lenders to India's RCOM Face Uphill Struggle After Debt Swap
    Bloomberg18 days ago

    Lenders to India's RCOM Face Uphill Struggle After Debt Swap

    Lenders to embattled Reliance Communications Ltd. have bought themselves some time in taking provisions on $7 billion of debt, but still face an uphill struggle in turning around the phone company.

  • Bloomberg24 days ago

    Reliance Communications Soars on Plan to Swap Debt to Equity

    Reliance Communications Ltd. shares surged the most in more than two months after the phone operator announced plans to sell down assets and offered to convert debt into a majority stake in the company....

  • Reuters24 days ago

    Reliance Communications shares jump after new debt repayment plan

    Shares in embattled wireless carrier Reliance Communications Ltd (RLCM.NS) rose more than 10 percent in early trade on Tuesday after the company presented a new debt repayment plan to its lenders. It also pledged to repay another 100 billion rupees from sale or commercial development of its real estate assets. Under a central bank debt restructuring plan, its lenders will also swap 70 billion rupees of the loans to take a 51 percent stake in the company commonly called as Rcom.

  • Reuters24 days ago

    Reliance Communications says has agreed new loan repayment plan

    Debt-laden Indian telecoms company Reliance Communications Ltd has agreed a new debt repayment plan with lenders, including a pledge to raise up to 170 billion rupees ($2.6 billion) by selling assets such as mobile towers, it said on Monday.RCom, as the company led by billionaire Anil Ambani is called, also said it would repay lenders an additional 100 billion rupees through the sale and commercial development of its real estate near Mumbai and in eight other cities. The announcement comes after the unravelling of its previous debt repayment plan, which had hinged on merging its mobile operations with rival Aircel and selling a 51 percent stake in its tower arm to Canada's Brookfield.

  • Reuters29 days ago

    RCom says to focus strategy on 4G mobile broadband service

    Debt-laden Indian telecoms network operator Reliance Communications Ltd (RCom) said on Wednesday it will concentrate on offering a 4G mobile broadband service in a bid to turn the heavily indebted business around. As part of the plan RCom said its 4G services will run through an existing deal to share radio spectrum with Reliance Jio, the 4G network owned by Reliance Industries which sparked a price war when it opened for business last year. Reliance Industries is controlled by Mukesh Ambani, the older brother of RCom's main owner Anil Ambani.

  • Billionaire Birla May Tap Markets Amid Telecom Shakeout
    Bloomberglast month

    Billionaire Birla May Tap Markets Amid Telecom Shakeout

    Billionaire Kumar Mangalam Birla, whose Idea Cellular Ltd. is poised to become India’s top carrier, sees only a handful of businesses surviving a price war roiling the world’s second largest telecom market....

  • Reuters2 months ago

    RCom says applies to withdraw towers spin-off plan

    Reliance Communications said on Wednesday it had applied to a tribunal to withdraw a plan to spin-off its towers business, as a first step towards renegotiating the deal after ending plans to merge its wireless business with a rival. As part of plans to cut its heavy debt load, RCom hadagreed to sell a 51 percent stake in the tower arm to Canada'sBrookfield for 110 billion rupees ($1.7 billion). Ithad also planned to combine its wireless business with that of rival Aircel.

  • Reuters2 months ago

    RCom reworking tower assets stake sale after wireless deal flop

    Reliance Communications is reworking a planned $1.7 billion stake sale in its tower assets after scrapping a proposed merger of its wireless arm with smaller rival Aircel, as its shares tumbled to an all-time low. RCom, as the company is known, said it is in talks with Canada's Brookfield to sell all of its tower arm, instead of a 51 percent stake sale agreed previously, Business Standard and Hindu Business Line newspapers reported, citing Punit Garg, an executive director at the Indian telecoms carrier.

  • Anil Ambani's Telecom Unit Falls to Record as Merger Fails
    Bloomberg2 months ago

    Anil Ambani's Telecom Unit Falls to Record as Merger Fails

    Reliance Communications Ltd.’s shares plunged to a record low after the company aborted a plan to merge with Aircel Ltd., dealing a blow to the Indian mobile phone carriers’ plans to pare debt and gain ...