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Reliance Communications Limited ( (IN:RCOM) ) just unveiled an announcement.
Reliance Communications Limited has announced that it received a provisional attachment order from the Directorate of Enforcement concerning certain assets of the company and its subsidiary, Reliance Realty Limited. This development is part of ongoing legal and financial challenges faced by the company, which is under corporate insolvency resolution. The company is seeking legal advice on how to proceed, highlighting the potential impact on its operations and stakeholders.
More about Reliance Communications Limited
Reliance Communications Limited operates in the telecommunications industry, providing a range of communication services. The company has been undergoing a corporate insolvency resolution process since 2019, with its operations managed by a resolution professional.
Average Trading Volume: 1,115,827
Technical Sentiment Signal: Sell
Current Market Cap: 3.54B INR
For a thorough assessment of RCOM stock, go to TipRanks’ Stock Analysis page.