 "RCom, China bank move to 'settle' insolvency petition")
Reliance Communications (RCom) surged 25% to Rs 26.66 on Wednesday morning, extending its previous day’s over 30% rally on the BSE, after the company announced debt cut plan.
In the past two trading sessions, the stock zoomed 63% from Rs 16.31 on Friday, December 22, 2017, while, in past six trading days, it soared 125% from Rs 11.83 on December 18.
Anil Ambani-owned RCom said on Tuesday it has exited the strategic debt restructuring (SDR) scheme of lenders by agreeing to sell its telecom towers, real estate and other assets, and getting a strategic investor in the “new
In the past two trading sessions, the stock zoomed 63% from Rs 16.31 on Friday, December 22, 2017, while, in past six trading days, it soared 125% from Rs 11.83 on December 18.
Anil Ambani-owned RCom said on Tuesday it has exited the strategic debt restructuring (SDR) scheme of lenders by agreeing to sell its telecom towers, real estate and other assets, and getting a strategic investor in the “new
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