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Reliance Communications Limited ( (IN:RCOM) ) just unveiled an announcement.
Reliance Communications Limited has announced that it received a letter from Bank of Baroda, which has classified the company’s loan accounts and those of its promoter and director, Anil Dhirajlal Ambani, as ‘Fraud’. This classification could have significant implications for the company’s financial standing and its ongoing insolvency resolution process, potentially impacting stakeholders and creditors involved.
More about Reliance Communications Limited
Reliance Communications Limited is a telecommunications company based in Navi Mumbai, India. It has been undergoing a corporate insolvency resolution process since June 2019, with its business and assets managed by a Resolution Professional appointed by the National Company Law Tribunal.
Average Trading Volume: 1,393,131
Technical Sentiment Signal: Sell
Current Market Cap: 4.15B INR
See more data about RCOM stock on TipRanks’ Stock Analysis page.