RCOM.NS - Reliance Communications Limited

NSE - NSE Real Time Price. Currency in INR
14.40
+0.25 (+1.77%)
As of 1:18PM IST. Market open.
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Previous Close14.15
Open14.25
Bid14.40 x 0
Ask14.45 x 0
Day's Range13.75 - 14.70
52 Week Range9.60 - 40.15
Volume53,609,144
Avg. Volume102,678,222
Market Cap39.824B
Beta2.20
PE Ratio (TTM)N/A
EPS (TTM)-18.11
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-08-14
1y Target Est17.00
  • Debt-laden RCom in advanced talks with Ericsson to resolve issues
    Reuters7 days 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.

  • Ambani's Shot at Brotherly Bailout Faces Insolvency Rule Test
    Bloomberg8 days ago

    Ambani's Shot at Brotherly Bailout Faces Insolvency Rule Test

    Billionaire Mukesh Ambani’s prospects for bailing out his younger brother’s phone company are fading after an Indian tribunal put his sibling’s Reliance Communications Ltd. into insolvency proceedings, which prohibit “connected persons” from acquiring assets of delinquent borrowers. Ambani is India’s richest man and the founder of upstart rival Reliance Jio Infocomm Ltd., which had agreed in December to pay about $3.7 billion for airwaves, towers and fiber assets of the company known as RCom. Insolvency administrators will now oversee disposal of RCom assets under rules that could bar him from bidding for them.

  • The Wall Street Journal9 days ago

    [$$] 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.

  • Financial Times9 days ago

    [$$] India’s Reliance Communications to face bankruptcy proceedings

    RCom, controlled by billionaire Anil Ambani, was once India’s second-largest telecom operator but has been pushed into financial distress by a price war triggered by new entrant Reliance Jio, run by Mr Ambani’s brother Mukesh. has intrigued corporate India for over a decade, for Jio to buy most of RCom’s core telecom assets — a sale Anil Ambani had said he expected to raise about $3.8bn.

  • Bankruptcy Imperils RCom's $3.7 Billion Deal; Shares Plummet
    Bloomberg10 days 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.

  • 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.

  • Reuters2 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
    Reuters2 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.2 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
    Reuters2 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...

  • Reuters3 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 ...

  • Reliance Communications calls bondholders' meet over asset-sale plan
    Reuters3 months 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
    Reuters4 months 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.5 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...

  • Reuters5 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
    Bloomberg5 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 ...

  • Reuters5 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
    Bloomberg5 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 ...