RCOM.NS - Reliance Communications Limited

NSE - NSE Real Time Price. Currency in INR
14.90
-0.40 (-2.61%)
At close: 3:30PM IST
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Previous close15.30
Open15.30
Bid0.00 x 0
Ask0.00 x 0
Day's range14.85 - 15.45
52-week range9.60 - 40.15
Volume49,260,354
Avg. volume122,322,793
Market cap41.206B
Beta1.68
PE ratio (TTM)N/A
EPS (TTM)-85.76
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date2013-08-14
1y target est17.00
  • Reliance Communications arm announces completion of India data centre for Eagle cable network
    Moneycontrol3 days ago

    Reliance Communications arm announces completion of India data centre for Eagle cable network

    Completion of India data centre for Eagle Subsea Network, scheduled to be fully operational by 2020 announcement by Reliance Communications (RCom) subsidiary Global Cloud Xchange (GCX).

  • IANS9 days ago

    RCOM remains unaffected by intense competition in telecom sector

    Mumbai, June 13 (IANS) Reliance Communications (RCOM) on Wednesday said the company is now insulated from the hyper competition and tariff pressures in the telecom sector as it had exited the business-to-consumer (B2C) space in January 2018. In a regulatory filing in the stock exchanges, RCOM said it is evident from the latest sector revenue report released by the Telecom Regulatory Authority of India (TRAI) that the wireless sector continues to be on a downward spiral, with over 21 per cent revenue decline on year-on-year basis. "The tariff wars between the incumbents- Airtel, Vodafone, Idea and the new entrant Reliance JIO continue unabated, further dragging down all key financial metrics of the wireless sector.

  • IANS India Private Limited9 days ago

    RCOM remains unaffected by intense competition in telecom sector

    Mumbai, June 13 (IANS) Reliance Communications (RCOM) on Wednesday said the company is now insulated from the hyper competition and tariff pressures in the telecom sector as it had exited the business-to-consumer (B2C) space in January 2018. In a regulatory filing in the stock exchanges, RCOM said it is evident from the latest sector revenue report released by the Telecom Regulatory Authority of India (TRAI) that the wireless sector continues to be on a downward spiral, with over 21 per cent revenue decline on year-on-year basis. "The tariff wars between the incumbents- Airtel, Vodafone, Idea and the new entrant Reliance JIO continue unabated, further dragging down all key financial metrics of the wireless sector.

  • Should You Be Tempted To Sell Reliance Communications Limited (NSE:RCOM) At Its Current PE Ratio?
    Simply Wall St.11 days ago

    Should You Be Tempted To Sell Reliance Communications Limited (NSE:RCOM) At Its Current PE Ratio?

    Reliance Communications Limited (NSEI:RCOM) is trading with a trailing P/E of 89.9x, which is higher than the industry average of 17.5x. While RCOM might seem like a stock to avoidRead More...

  • RCom stock rises up to 20% after NCLAT stays bankruptcy proceedings in dispute with Ericsson
    India Today22 days ago

    RCom stock rises up to 20% after NCLAT stays bankruptcy proceedings in dispute with Ericsson

    The stock opened with a gain of 10% today. The stock is down 7.50% during the last one year. It has fallen 48.92% since the beginning of this year.

  • RCom Shares, Bonds Jump After India Court Allows Asset Sale
    Bloomberg22 days ago

    RCom Shares, Bonds Jump After India Court Allows Asset Sale

    Reliance Communications Ltd. soared in Mumbai trading after it settled a payment dispute with the local unit of Ericsson AB, allowing the debt-laden phone operator to proceed with a planned asset sale to Reliance Jio Infocomm Ltd. and possibly stave off insolvency. RCom, as the company is known, advanced 6.6 percent to close at 18.65 rupees in Mumbai after jumping as much as 20 percent in early trading on Thursday. Its 6.5% bond maturing in November 2020 rose 4.3 cents on the dollar to 56.55, according to prices compiled by Bloomberg.

  • RCom reports widening of loss to Rs 6,883 cr in Q4
    Moneycontrol22 days ago

    RCom reports widening of loss to Rs 6,883 cr in Q4

    The company's total comprehensive loss stood at Rs 94 crore in the year-ago period, it said in a BSE filing.

  • India's RCom plans $2.68 billion asset sale to Jio, Brookfield in next few weeks
    Reuters22 days ago

    India's RCom plans $2.68 billion asset sale to Jio, Brookfield in next few weeks

    MUMBAI/NEW DELHI (Reuters) - India's Reliance Communications (RCom) (RLCM.NS) said on Wednesday it expects to complete its asset sale to Reliance Jio Infocomm and Canada's Brookfield (BAMa.TO) in coming weeks, after the bankruptcy appeals court halted insolvency proceedings against the debt-laden company. The 181 billion-rupee ($2.7 billion) asset sale by businessman Anil Ambani-controlled RCom includes airwaves, fibre, mobile masts and real estate assets in Delhi and Chennai, the company said in a statement, as it aims to prune its debt pile. Telecom assets such as towers and airwaves will be sold to Jio, RCom has previously said.

  • Bloomberg23 days ago

    RCom Settles Ericsson Row Prompting a Halt on Insolvency Process

    An Indian court halted bankruptcy proceedings ordered two weeks ago for Reliance Communications Ltd., or RCom, after the debt-laden wireless operator and the local unit of Ericsson AB agreed to settle a dispute over unpaid dues. The court also allowed RCom’s lenders to complete a planned asset sale to Reliance Jio Infocomm Ltd. The National Company Law Appellate Tribunal on Wednesday put a freeze on the 270-day insolvency process that had been triggered by a May 15 court decision and ordered the operator to pay 5.5 billion rupees ($81.5 million) to Ericsson by the end of September.

  • RCom continues surge, up 12% after co lays out plan to settle dispute with minority investors
    Moneycontrol23 days ago

    RCom continues surge, up 12% after co lays out plan to settle dispute with minority investors

    RCom offered an upfront payment of Rs 500 crore to its operational creditor Ericsson, which has got an insolvency order against the Anil Ambani group firm.

  • RCom surges 10% after arm Reliance Infratel reaches settlement with minority investors
    Moneycontrol24 days ago

    RCom surges 10% after arm Reliance Infratel reaches settlement with minority investors

    On Tuesday, the company told exchanges that Reliance Infratel, its subsidiary, informed National Company Law Appellate Tribunal (NCLAT) that an amicable settlement has been arrived at between it and minority investors holding 4.26% equity in the Company, and consent terms will be filed shortly.

  • Reuters24 days ago

    India's bankruptcy appeal court defers RCom-Ericsson case hearing

    India's bankruptcy appeals court delayed a hearing of Reliance Communications' plea seeking to overturn insolvency proceedings against the company to Wednesday. The National Company Law Appellate Tribunal's ...

  • IANS24 days ago

    RCOM subsidiary reaches settlement with minority investors

    New Delhi, May 29 (IANS) Reliance Infratel, a subsidiary of Reliance Communications (RCOM), has informed the National Company Law Appellate Tribunal (NCLAT) on Tuesday that an amicable settlement has been arrived at with its minority investors holding 4.26 per cent equity in the company, and consent terms will be filed shortly. In a regulatory filing, RCOM said: "The settlement with the minority investors paves the way for vacation of the stay granted by the NCLT on the sale of RITL's tower and fibre assets, and will enable the company to proceed with asset monetisation of Rs 8,000 crore as soon as the company exits the debt resolution process under NCLT, for which its appeal, supported by all its lenders, is fixed for hearing today i.e.

  • Reuters24 days ago

    RCom says unit reaches settlement with minority investors

    Debt-ridden Reliance Communications Ltd said on Tuesday its unit Reliance Infratel has informed the bankruptcy appeals court of reaching a settlement with its minority shareholders in relation to the sale ...

  • RCom plea against insolvency to be heard by NCLAT on May 29
    Moneycontrol25 days ago

    RCom plea against insolvency to be heard by NCLAT on May 29

    The plea of Anil Ambani-run RCom was mentioned today before the bench of the National Company Law Appellate Tribunal (NCLAT), seeking an urgent hearing on the issue. It has directed that the matter be listed for hearing tomorrow.

  • What You Must Know About Reliance Communications Limited’s (NSE:RCOM) Market Risks
    Simply Wall St.25 days ago

    What You Must Know About Reliance Communications Limited’s (NSE:RCOM) Market Risks

    If you are looking to invest in Reliance Communications Limited’s (NSEI:RCOM), or currently own the stock, then you need to understand its beta in order to understand how it canRead More...

  • Debt-laden RCom in advanced talks with Ericsson to resolve issues
    Reuterslast month

    Debt-laden RCom in advanced talks with Ericsson to resolve issues

    Reliance Communications said it was in advanced talks with Ericsson to resolve "commercial issues", after two sources indicated it was currently uncertain if the firms' discussions over dues would lead to an out-of-court settlement. Earlier this week, India's bankruptcy court admitted a plea by the Swedish telecom gearmaker seeking insolvency resolution against debt-laden Reliance Communications (RCom) over unpaid service dues, potentially derailing the company's plans to sell assets to larger rival Reliance Jio. Ericsson, which signed a seven-year deal in 2014 to operate and manage RCom's nationwide telecoms network, is seeking 11.55 billion rupees (126 million pounds) from RCom and two of its subsidiaries.

  • Debt-laden Reliance Communications in advanced talks with Ericsson to resolve issues
    Reuterslast month

    Debt-laden Reliance Communications in advanced talks with Ericsson to resolve issues

    Reliance Communications said it was in advanced talks with Ericsson to resolve "commercial issues", after two sources indicated it was currently uncertain if the firms' discussions over dues would lead to an out-of-court settlement. Earlier this week, India's bankruptcy court admitted a plea by the Swedish telecom gearmaker seeking insolvency resolution against debt-laden Reliance Communications (RCom) over unpaid service dues, potentially derailing the company's plans to sell assets to larger rival Reliance Jio. Ericsson, which signed a seven-year deal in 2014 to operate and manage RCom's nationwide telecoms network, is seeking 11.55 billion rupees ($170 million) from RCom and two of its subsidiaries.

  • IANSlast month

    RCOM, Ericsson discussions at advance stage to resolve issues

    New Delhi, May 18 (IANS) Reliance Communications (RCOM) said on Friday it is at an advance stage of discussions with Ericsson to resolve commercial issues. "We confirm that RCOM and Ericsson are at an advanced stage of discussions to expeditiously resolve commercial issues.

  • The Wall Street Journallast month

    [$$] India's Reliance Communications Tumbles Into Bankruptcy

    Ericsson is a creditor of the Indian wireless carrier, and the decision by India’s National Company Law Tribunal creates uncertainty for a planned asset sale. , RCom has languished in recent years in India’s crowded wireless market. The telecommunications company borrowed heavily to fund its growth, creating about $7 billion in outstanding debt.

  • RCom shares crack 18% after NCLT admits insolvency plea filed by Ericsson against co
    Moneycontrollast month

    RCom shares crack 18% after NCLT admits insolvency plea filed by Ericsson against co

    The National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Swedish communications equipment major Ericsson against Anil Ambani-run Reliance Communications and two of its subsidiaries seeking to recover Rs 1,150 crore.

  • Bankruptcy Imperils RCom's $3.7 Billion Deal; Shares Plummet
    Bloomberglast month

    Bankruptcy Imperils RCom's $3.7 Billion Deal; Shares Plummet

    Shares and bonds of Reliance Communications Ltd. tumbled after an Indian court ordered that the wireless carrier be placed in insolvency proceedings, jeopardizing its proposed $3.7 billion asset sale to Reliance Jio Infocomm Ltd. Shares of RCom, as the company is known, plunged 15.3 percent to 10.5 rupees in Mumbai, while its 2020 dollar bonds plummeted by a record. The Mumbai bench of the National Company Law Tribunal on Tuesday accepted a petition from the Indian unit of network-equipment maker Ericsson AB, which is seeking to recover 11.6 billion rupees ($170 million) in unpaid dues from the telecommunications company controlled by billionaire Anil Ambani.

  • NCLAT adjourns hearing on Reliance Infratel asset sale to May 2
    Moneycontrol2 months ago

    NCLAT adjourns hearing on Reliance Infratel asset sale to May 2

    Counsel appearing in the matter sought the adjournment following which a NCLAT bench headed by Justice S J Mukhopadhaya directed it to list on May 2.