RCOM.NS - Reliance Communications Limited

NSE - NSE Real Time Price. Currency in INR
13.15
-1.75 (-11.74%)
At close: 3:30PM IST
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Previous Close14.90
Open14.95
Bid0.00 x 0
Ask0.00 x 0
Day's Range12.70 - 15.10
52 Week Range9.60 - 40.15
Volume151,617,141
Avg. Volume85,914,531
Market Cap36.087B
Beta1.71
PE Ratio (TTM)N/A
EPS (TTM)-83.92
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-08-14
1y Target Est17.00
  • Why You Need To Look At This Factor Before Buying Reliance Communications Limited (NSE:RCOM)
    Simply Wall St.10 days ago

    Why You Need To Look At This Factor Before Buying Reliance Communications Limited (NSE:RCOM)

    If you’re interested in Reliance Communications Limited (NSE:RCOM), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock couldRead More...

  • Simply Wall St.14 days ago

    Who Are The Major Shareholders In Reliance Communications Limited (NSE:RCOM)?

    The big shareholder groups in Reliance Communications Limited (NSE:RCOM) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to haveRead More...

  • Bloomberg28 days ago

    RCom Closes $429 Million Fiber Sale to Jio as Deadline Looms

    Reliance Communications Ltd., the Indian wireless carrier that’s trying to pay down debt, wrapped up the sale of its fiber and related infrastructure assets for 30 billion rupees ($429 million) to Reliance Jio Infocomm Ltd. The Anil Ambani-helmed operator is transferring 178,000 kilometers of fiber to sibling billionaire Mukesh Ambani’s company, according to an exchange filing. Reliance Communications’ shares were down about 0.5 percent on Monday in Mumbai at 11:15 a.m., taking declines this year to 48 percent.

  • Reuterslast month

    Reliance Communications sells $285 million worth assets to Reliance Jio

    (Reuters) - India's Reliance Communications Ltd said https://www.bseindia.com/xml-data/corpfiling/AttachLive/6d78ba56-0338-4e82-9a79-3f1a6eab545c.pdf on Thursday it completed the sale of its media convergence ...

  • Reuterslast month

    India's RCom sells $285 mln worth assets to Reliance Jio

    India's Reliance Communications Ltd said https://www.bseindia.com/xml-data/corpfiling/AttachLive/6d78ba56-0338-4e82-9a79-3f1a6eab545c.pdf on Thursday it completed the sale of its media convergence nodes ...

  • Crunch Time Comes for Reliance Communications Debt Restructuring
    Bloomberglast month

    Crunch Time Comes for Reliance Communications Debt Restructuring

    Reliance Communications Ltd., the Indian mobile operator that defaulted on its dollar bonds last year, is up against the clock. The company controlled by Indian billionaire Anil Ambani is in the midst of restructuring the $300 million U.S. currency notes and plans to meet those bondholders on Aug. 24 to seek approval on extraordinary resolutions. The timing is tight for Reliance Communications.

  • Bloomberg2 months ago

    Reliance Communications Bonds Drop to 2018 Low After Offer

    Bonds that Reliance Communications Ltd. defaulted on last year slumped to a seven-month low on Tuesday, after the Indian mobile operator controlled by billionaire Anil Ambani offered to repay holders at a discount to the principal value. The firm, which is set to meet with bondholders on Aug. 10, has been trying to close a sale of wireless assets to Reliance Jio Infocomm Ltd. that would raise money to help pay creditors. Reliance Communications’ 2020 dollar notes fell 2 cents on the dollar to 43 cents as of 6:00 p.m. in Hong Kong, the lowest since December, according to prices compiled by Bloomberg.

  • Reuters2 months ago

    Reliance Communications, Sweden's Ericsson reach $80 million settlement

    (Reuters) - Reliance Communications Ltd (RCom) said on Monday it had received approval from the Supreme Court to proceed with the sale of its wireless assets to Reliance Jio after it agreed to pay 5.5 ...

  • India's RCom, Sweden's Ericsson reach $80 million settlement
    Reuters2 months ago

    India's RCom, Sweden's Ericsson reach $80 million settlement

    In May, India's bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service dues, potentially derailing the company's 250 billion rupee plan to sell assets to Reliance Jio. Ericsson had signed a seven-year deal in 2014 to operate and manage RCom's nationwide telecom network, and sought 11.55 billion rupees ($171.16 million) from the company and two of its subsidiaries.

  • RCom reports smaller loss in first quarter
    Reuters2 months ago

    RCom reports smaller loss in first quarter

    Like other Indian telecoms firms, RCom has been hit by a fierce price war and is the most leveraged of all listed telecoms carriers in India. RCom, controlled by businessman Anil Ambani, is due to sell 181 billion rupee of assets to Reliance Jio Infocomm and Canada's Brookfield, which will trim its huge debt pile. Revenue from operations fell about 26 percent to 10.06 billion rupees in the first quarter, it said.

  • Should You Be Tempted To Sell Reliance Communications Limited (NSE:RCOM) At Its Current PE Ratio?
    Simply Wall St.3 months 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 Shares, Bonds Jump After India Court Allows Asset Sale
    Bloomberg4 months 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.

  • Reuters4 months 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.

  • India's RCom plans $2.68 billion asset sale to Jio, Brookfield in next few weeks
    Reuters4 months 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, fiber, 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.

  • Reuters4 months ago

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

    NEW DELHI (Reuters) - India's bankruptcy appeals court delayed a hearing of Reliance Communications' (RCom) plea seeking to overturn insolvency proceedings against the company to Wednesday. The National ...

  • Reuters4 months ago

    RCom says unit reaches settlement with minority investors

    (Reuters) - Debt-ridden Reliance Communications Ltd (RCom) said on Tuesday its unit Reliance Infratel has informed the bankruptcy appeals court of reaching a settlement with its minority shareholders in ...

  • What You Must Know About Reliance Communications Limited’s (NSE:RCOM) Market Risks
    Simply Wall St.4 months 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
    Reuters4 months ago

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

    Reliance Communications (RLCM.NS) said it was in advanced talks with Ericsson (ERICb.ST) 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.

  • Bankruptcy Imperils RCom's $3.7 Billion Deal; Shares Plummet
    Bloomberg4 months ago

    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.