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The latest update is out from Reliance Communications Limited ( (IN:RCOM) ).
Reliance Communications Limited announced the unaudited financial results for the quarter and nine months ending December 31, 2024. The results were approved during a board meeting chaired by the resolution professional due to the company’s ongoing insolvency process. Despite efforts to manage financial reporting, challenges persist, such as the non-compliance with fair value determination for assets held for sale and unresolved liabilities and obligations during the insolvency period, impacting financial clarity.
More about Reliance Communications Limited
Reliance Communications Limited operates in the telecommunications industry, providing a range of communication services and solutions. The company is currently under a corporate insolvency resolution process, with its business and assets managed by a resolution professional.
YTD Price Performance: -18.00%
Average Trading Volume: 1,878,712
Current Market Cap: 4.54B INR
For a thorough assessment of RCOM stock, go to TipRanks’ Stock Analysis page.
