Sunday, March 16, 2025 | 12:25 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

RCOM stock zoom over 30% on debt reduction plan announcement

Image

IANS Mumbai

Shares of Reliance Communications (RCOM) zoomed over 30 per cent after Reliance Group's Chairman Anil Ambani on Tuesday announced that following restructuring, the company will reduce its debts by Rs 25,000 crore to Rs 6,000 crore.

Around 3.15 p.m., RCOM's stocks augmented by 36.05 per cent to trade at Rs 22.19 per share on the BSE.

Addressing a press conference, Anil Ambani said the company has achieved full resolution of RCOM's debt restructuring.

RCom has close to Rs 45,000 crore debt on its books in October 2017, Ambani said.

--IANS

ppg/hs/vm

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 26 2017 | 3:34 PM IST

Explore News