Latest


RCOM stock zoom over 30% on debt reduction plan announcement

  •   Tue, Dec 26 2017 03:46:39 PM

Mumbai, Dec 26 (IANS): Shares of Reliance Communications (RCOM) zoomed over 30 per cent after Reliance Group's Chairman Anil Ambani on Tuesday announced that following restructuring, the company will reduce its debts by Rs 25,000 crore to Rs 6,000 crore.

Around 3.15 p.m., RCOM's stocks augmented by 36.05 per cent to trade at Rs 22.19 per share on the BSE.

Addressing a press conference, Anil Ambani said the company has achieved full resolution of RCOM's debt restructuring.

RCom has close to Rs 45,000 crore debt on its books in October 2017, Ambani said.
  

Top Stories

Catch the Chill: Snow Fantasy brings Manali & Switzerland to Mangaluru

  •   16 hours ago    2

Leave a Comment

Title: RCOM stock zoom over 30% on debt reduction plan announcement



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like