Edition:
United States

Reliance Communications Ltd (RLCM.BO)

RLCM.BO on Bombay Stock Exchange

25.95INR
25 May 2017
Change (% chg)

Rs0.10 (+0.39%)
Prev Close
Rs25.85
Open
Rs26.00
Day's High
Rs26.55
Day's Low
Rs25.15
Volume
3,981,174
Avg. Vol
2,746,164
52-wk High
Rs55.40
52-wk Low
Rs25.15

Select another date:

Wed, May 24 2017

Photo

Debt concerns pile pressure on shares in India's Reliance Communications

MUMBAI Shares in Indian telco Reliance Communications fell nearly 10 percent on Wednesday after a sell-off in its bonds, sparked by concerns that the debt-laden firm may be unable to repay its lenders amid intense competition in the sector.

BRIEF-Reliance Communications makes payment on 6.5 pct senior secured notes

* Says half yearly interest payment on 6.5% senior secured notes issued by co paid on time and on due date on 8 may Source text for Eikon: Further company coverage:

BRIEF-Reliance Communications says unit Reliance Infratel gets shareholders' approval for tower business demerger

* Reliance Infratel gets its shareholders' approval with 98% majority for demerger of tower business to Brookfield Infrastructure Group

BRIEF-Reliance Communications gets members' nod for demerger of wireless business into Aircel

* Says Reliance Communications receives its shareholders' approval with 99.99 pct majority for the demerger of wireless business into Aircel Limited

BRIEF-Reliance Communications gets competition commission approval for proposed demerger of wireless business

* Reliance communications receives competition commission approval for proposed demerger of wireless business into Aircel

BRIEF-Reliance Communications gets stock exchange, SEBI nod for demerger of wireless business into Aircel

* Says Reliance Communications receives stock exchange and SEBI approvals for proposed demerger of wireless business into Aircel Ltd

BRIEF-Reliance Communications says no merger talks have occurred with Tata Teleservices

* Reliance Communications clarifies on news item, "Tata Tele in early talks to join RCom Aircel MTS combine".

BRIEF-India's RCom exec says committed to reducing debt significantly in 2017/18

* Exec says committed to reducing debt significantly in 2017/18 Further company coverage: (Reporting By Swati Bhat)

UPDATE 1-India bars Aircel from changing airwave ownership, potentially delaying merger

* Aircel has agreed to merge with Reliance Comm's wirelss arm (Adds context)

India's top court temporarily bars Aircel from selling airwaves

NEW DELHI, Jan 6 India's Supreme Court on Friday halted mobile phone carrier Aircel from selling its airwaves over an ongoing case of alleged corruption, potentially delaying a proposed deal with rival Reliance Communications.

Select another date:

More From Around the Web