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RCom strengthens on the buzz of settlement talks with CDB

07 Dec 2017 Evaluate

Reliance Communications (RCom) is currently trading at Rs. 11.08, up by 0.30 points or 2.78% from its previous closing of Rs. 10.78 on the BSE.

The scrip opened at Rs. 10.80 and has touched a high and low of Rs. 11.14 and Rs. 10.80 respectively. So far 22,02,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 41.00 on 06-Apr-2017 and a 52 week low of Rs. 9.60 on 15-Nov-2017.

Last one week high and low of the scrip stood at Rs. 12.95 and Rs. 10.70 respectively. The current market cap of the company is Rs. 2,757.00 crore.

The promoters holding in the company stood at 59.00%, while Institutions and Non-Institutions held 19.93% and 21.07% respectively.

Reliance Communications is reportedly in settlement talks with China Development Bank (CDB), one of its largest creditors, even as the Chinese government banker sought to club its insolvency petition against the Anil Ambani-led company with other petitions seeking the same.

CDB is looking to recover $1.78 billion, or about Rs 11,460 crore, of dues the debt-laden telecom operator battling multiple insolvency cases. The Chinese bank, accounting for 37.11% of RCom’s total secured debt, moved NCLT in November against both RCom and its subsidiary Reliance Telecom since the former was the guarantor and the latter the principal borrower. Moreover, NCLT will take a call on December 18 if the insolvency petition should be admitted.

Reliance Communications is India’s foremost and truly integrated telecommunications service provider.



Reliance Comm Share Price

1.05 0.01 (0.96%)
17-Apr-2026 16:59 View Price Chart
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