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Reliance Communications Limited ( (IN:RCOM) ) has issued an announcement.
Reliance Communications Limited has disclosed its financial status in compliance with a SEBI circular, revealing a total financial indebtedness of Rs 40,413 crore, with defaults amounting to Rs 28,826 crore. The company is under corporate insolvency resolution, and its financial challenges highlight significant implications for stakeholders, as all outstanding amounts are considered in default.
More about Reliance Communications Limited
Reliance Communications Limited is a telecommunications company based in India, primarily providing communication services. The company is currently undergoing a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.
Average Trading Volume: 1,170,592
Current Market Cap: 4.45B INR
For a thorough assessment of RCOM stock, go to TipRanks’ Stock Analysis page.