RCOM.NS - Reliance Communications Limited

NSE - NSE Real Time Price. Currency in INR
15.15
-0.30 (-1.94%)
At close: 3:30PM IST
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Previous Close15.45
Open15.45
Bid0.00 x 0
Ask15.15 x 0
Day's Range15.00 - 15.60
52 Week Range9.60 - 40.15
Volume56,706,714
Avg. Volume121,741,787
Market Cap41.898B
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
  • Should You Be Tempted To Sell Reliance Communications Limited (NSE:RCOM) At Its Current PE Ratio?
    Simply Wall St.7 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 Shares, Bonds Jump After India Court Allows Asset Sale
    Bloomberg18 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.

  • Reuters19 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.

  • India's RCom plans $2.68 billion asset sale to Jio, Brookfield in next few weeks
    Reuters19 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, 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.

  • Bloomberg19 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.

  • Reuters20 days 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 ...

  • Reuters20 days 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.21 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 (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.

  • 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.

  • 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.

  • RCom gets tribunal nod for tower, fibre assets sale
    Reuters2 months ago

    RCom gets tribunal nod for tower, fibre assets sale

    The Supreme Court on Thursday lifted a high court stay on sale of the company's assets including media convergence nodes (MCNs), spectrum and real estate, allowing its secured lenders to proceed with the sale. The National Company Law Tribunal had prevented RCom from selling any asset without its permission, following a legal challenge from Swedish telecoms gear maker Ericsson, seeking payment of unpaid dues of 11.55 billion rupees ($177.7 million) by RCom and two of its units.

  • RCom says confident of speedy asset sale after Supreme Court relief
    Reuters2 months ago

    RCom says confident of speedy asset sale after Supreme Court relief

    The top court also directed the company and its secured lenders to file an appeal before the National Company Law Appellate Tribunal (NCLAT) on a stay granted by an arbitration court on the sale of RCom's tower and fibre assets. RCom will file an appeal on Friday and it is "confident of securing appropriate relief from the NCLAT to enable sale of tower and fibre assets to also be completed at the earliest," the company said in a statement https://bit.ly/2q6T4Fk. The National Company Law Tribunal had prevented RCom from selling any asset without its permission, following a legal challenge from Swedish telecoms gear maker Ericsson, seeking payment of unpaid dues of 11.55 billion rupees ($177.7 million) by RCom and two of its units.

  • Reuters3 months ago

    Supreme Court defers asset sale permission to RCom

    India's top court on Thursday deferred a decision to lift a ban on the sale of assets by embattled telecoms firm Reliance Communications Ltd (RCom), saying it will hear the case again in two weeks. The Supreme Court ruling marks a setback for RCom, which is trying to reduce its debt load of $6.8 billion as of last March. The company in December agreed to sell most of its wireless assets to Reliance Jio Infocomm Ltd and had been expecting to close the deal by March.

  • Reliance Communications gets bondholders' nod for asset sale
    Reuters3 months ago

    Reliance Communications gets bondholders' nod for asset sale

    Holders of the debt-laden telecom operator's $300 million bonds have also approved the monetisation of other real-estate assets, RCom said in a statement. RCom also got approval for the partial release of noteholder collateral to help the sale get underway, the company said, adding the proceeds would be used for partial redemption of notes. RCom last week had moved the Supreme Court in a desperate attempt to complete the asset sale and to also avoid going to the National Company Law Tribunal, according to a report in The Economic Times.

  • What does Reliance Communications Limited’s (NSE:RCOM) Balance Sheet Tell Us About Its Future?
    Simply Wall St.3 months ago

    What does Reliance Communications Limited’s (NSE:RCOM) Balance Sheet Tell Us About Its Future?

    While small-cap stocks, such as Reliance Communications Limited (NSEI:RCOM) with its market cap of ₹64.58B, are popular for their explosive growth, investors should also be aware of their balance sheetRead More...

  • RCom says to appeal court order on sale of tower, fibre assets
    Reuters3 months ago

    RCom says to appeal court order on sale of tower, fibre assets

    India's Reliance Communications Ltd (RCom) will appeal a court order that stays the sale of some telecom assets of one of its units, the company said in a statement on Monday. The National Company Law Tribunal, India's designated court for bankruptcy cases, on Monday stayed the sale of assets of Reliance Infratel Ltd in response to a petition filed by HSBC Daisy Investments (Mauritius) Ltd, local media reported. RCom will file an appeal before an appellate tribunal challenging the stay, a company spokesman said, adding that the stay only pertained to the firm's tower and fibre assets.

  • Reuters3 months ago

    Indian court dismisses RCom's appeal against arbitration order

    The company intends to file an appeal against the interim order of the Bombay High Court, an RCom spokesman said in an emailed statement to Reuters. The court threw out three appeals from Rcom and its two companies, the Economic Times reported earlier.

  • Reuters3 months ago

    Indian court dismisses RCom's appeal against arbitration order

    The company intends to file an appeal against the interim order of the Bombay High Court, an RCom spokesman said in an emailed statement to Reuters. The court threw out three appeals from Rcom and its two companies, the Economic Times reported earlier.

  • Reuters3 months ago

    Reliance Communications launches appeal against order banning asset sales

    India's Reliance Communications Ltd (RCom) said on Tuesday it had appealed at the Bombay High Court against a ruling by an arbitration tribunal that barred the indebted firm from selling assets without the tribunal's permission. The tribunal's ruling threatens RCom's plans to reduce its $7 billion debt to Indian and foreign banks by selling assets such as airwaves, mobile masts and fibre optic investments. RCom said it aimed to safeguard the interests of secured creditors by appealing against the tribunal's interim order, which was issued on March 5 after Swedish telecom gearmaker Ericsson filed a case seeking payment of unpaid dues.

  • Is There An Opportunity With Reliance Communications Limited’s (NSE:RCOM) 45.24% Undervaluation?
    Simply Wall St.3 months ago

    Is There An Opportunity With Reliance Communications Limited’s (NSE:RCOM) 45.24% Undervaluation?

    I am going to run you through how I calculated the intrinsic value of Reliance Communications Limited (NSEI:RCOM) using the discounted cash flow (DCF) method. If you want to learnRead More...

  • Reuters4 months 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 ...