RCOM.NS - Reliance Communications Limited

NSE - NSE Real Time Price. Currency in INR
28.00
+0.15 (+0.54%)
At close: 3:30PM IST
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Previous Close27.85
Open28.05
Bid0.00 x 0
Ask27.00 x 0
Day's Range27.55 - 28.40
52 Week Range9.60 - 41.00
Volume53,366,023
Avg. Volume145,203,675
Market Cap77.435B
BetaN/A
PE Ratio (TTM)N/A
EPS (TTM)-18.11
Earnings DateN/A
Forward Dividend & Yield0.00 (1.97%)
Ex-Dividend Date2013-08-14
1y Target Est17.00
  • Reuters5 days ago

    Reliance Communications shareholders approve asset sale plan

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

  • Reliance Communications calls bondholders' meet over asset-sale plan
    Reuters8 days ago

    Reliance Communications calls bondholders' meet over asset-sale plan

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

  • Reliance Communications narrows loss as sells off wireless assets
    Reuters23 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.

  • What Does Reliance Communications Limited’s (NSE:RCOM) Share Price Indicate?
    Simply Wall St.2 months ago

    What Does Reliance Communications Limited’s (NSE:RCOM) Share Price Indicate?

    Reliance Communications Limited (NSEI:RCOM), a wireless telcom company based in India, led the NSEI gainers with a relatively large price hike in the past couple of weeks. Less-covered, small capsRead More...

  • 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.

  • 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 ...

  • 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.

  • Anil Ambani's Wireless Unit Seeks to Cut $6 Billion of Debt
    Bloomberg2 months ago

    Anil Ambani's Wireless Unit Seeks to Cut $6 Billion of Debt

    Billionaire Anil Ambani’s Reliance Communications Ltd. said it was in the final stages of selling some assets as it aims to exit a debt restructuring program and cut total borrowings by $6 billion. The ...

  • 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 ...

  • Reuters2 months ago

    BRIEF-Global Cloud Xchange Partners With CMC Telecom

    Dec 12 (Reuters) - Global Cloud Xchange: * GLOBAL CLOUD XCHANGE PARTNERS WITH CMC TELECOM * GCX WILL OFFER ITS IP TRANSIT SOLUTIONS TO CMC TELECOM IN HONG KONG AND SINGAPORE * CMC TELECOM WILL DEPLOY A ...

  • Reliance Communications Limited (NSEI:RCOM): Time For A Financial Health Check
    Simply Wall St.2 months ago

    Reliance Communications Limited (NSEI:RCOM): Time For A Financial Health Check

    Investors are always looking for growth in small-cap stocks like Reliance Communications Limited (NSEI:RCOM), with a market cap of ₹30.84B. However, an important fact which most ignore is: how financiallyRead More...

  • Asia's Booming Bond Market Leaves Distressed-Debt Investors With Few Options
    Bloomberg3 months ago

    Asia's Booming Bond Market Leaves Distressed-Debt Investors With Few Options

    Asia’s booming bond market is leaving distressed-debt investors with few options to bet on for the new year.

  • 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.

  • Exclusive: More Chinese lenders plan to pursue RCom in insolvency court - sources
    Reuters3 months ago

    Exclusive: More Chinese lenders plan to pursue RCom 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. Now, Industrial and Commercial Bank of China (ICBC), the country's biggest-listed lender by assets, and Export-Import Bank of China, plan to back CDB, the sources said.

  • 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 ...

  • RCom says majority of creditor banks oppose CDB insolvency petition
    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.

  • Reuters3 months ago

    Indian mobile carrier Aircel denies reports it is partly shutting ops

    Indian telecom carrier Aircel on Friday denied local media reports that it was partly shutting down its operations, saying it was making efforts to build a profitable business. "Media reports about Aircel as regard insolvency or shutting down operations in 14 circles is completely speculative & misleading," Aircel said in a statement. Earlier this month, local ratings agency CARE said the carrier, majority owned by Malaysia's Maxis Communications Bhd , had delayed servicing its debt obligations.

  • Reliance Communications Faces Insolvency Risks, SC Lowy Says
    Bloomberg3 months 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 ...

  • Reuters3 months 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.

  • Reuters3 months 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.

  • Reuters3 months 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.