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Reliance Communications Limited ( (IN:RCOM) ) has provided an update.
Reliance Communications Limited has informed the stock exchanges about a request from Reliance Capital Limited for reclassification of its shareholding from the ‘Promoter’ category to the ‘Public’ category. This move is part of the company’s ongoing insolvency resolution process, and the resolution professional is seeking legal advice on the matter.
More about Reliance Communications Limited
Reliance Communications Limited is a telecommunications company based in Navi Mumbai, India. It is currently under corporate insolvency resolution process and its operations are managed by a resolution professional.
Average Trading Volume: 1,393,131
Technical Sentiment Signal: Sell
Current Market Cap: 4.15B INR
For detailed information about RCOM stock, go to TipRanks’ Stock Analysis page.