Durability score
25/100
Valuation score
31.7/100
Momentum score
33.4/100
Market Capitalization in Cr
2966.9
Price to Book Value
0.1
PE TTM Price to Earnings
-0.6
Reliance Communications Limited    
09 Dec 2017
11.92
5.86%
Business Standard
Reliance Communications's assets put on the block are in telecom and real estate
Reliance Communications Limited has gained 17.44% in the last 1 Month
Reliance Communications Limited    
06 Dec 2017
11.92
5.86%
Business Today
China's biggest lender, Industrial and Commercial Bank of China (ICBC) and Export-Import Bank of China are planning to support China Development Bank's insolvency petition against Reliance Communications. CDB accounts for 37.11 per cent of RCom's total secured debt.
Reliance Communications Limited    
06 Dec 2017
11.92
5.86%
Shipwreck: RCom falls further as Fitch withdraws ratings, lenders take company to court click to expand

Reliance Communications (RCom) has been attempting to restructure its debt into a debt for equity swap. However this has just become harder as Fitch has withdrawn its ratings for the firm (its most recent rating on RCom debt was a C).

In addition, two more Chinese lenders - Industrial and Commercial Bank of China (ICBC), the country's biggest-listed lender by assets, and Export-Import Bank of China - are supporting China Development Bank in its effort to bring an insolvency case against RCom. The Chinese lenders are trying to recover about $2 billion that RCom owes them.  

CDB is a policy lender 100% owned by the Chinese government and under the direct supervision of its State Council. The push from CDB comes as Anil Ambani has turned out to be a forgetful witness for the prosecution in the case hearings for the 2G scam this month. Anil Dhirubhai Ambani Group executives, are accused in the 2G case of creating a web of shell companies within the ADA group ,that allegedly aided in transferring money to companies run by Karunanidhi’s family members. 

The proposal for lenders from RCom was to convert debt to equity that would give the lenders a 51% stake in the company. Some lenders, including the Chinese banks, have been reluctant to agree to such a conversion, in case RCom becomes subject to future investigations, devaluing their holdings even further. RCom's share price is sharply down on the news. 

Nick Jio

Promoters pledge reduced to 64.51% of holdings in Sep 2017 qtr.
Reliance Communications Limited    
04 Dec 2017
11.92
5.86%
Business Line
Lenders' ability to arrive at a quick resolution plan for Reliance Communications may prove a test case for the new Bankruptcy Code
Number of Mutual Funds holding stock rose by 11 to 146 in Sep 2017 qtr.
Reliance Communications Limited    
03 Dec 2017
11.92
5.86%
Business Line
The stock of Reliance Communications (RCom) tanked more than 7 per cent last week. This follows China Development Bank (CDB) filing an insolvency case against the company with the National Company...
Reliance Communications Limited has gained 17.44% in the last 1 Month
Reliance Communications Limited    
01 Dec 2017
11.92
5.86%
Business Line
If order gets passed, lenders will have to provision for 50 per cent of their debt
Number of FIIs/FPIs holding stock rose by 6 to 982 in Sep 2017 qtr.
Reliance Communications Limited    
01 Dec 2017
11.92
5.86%
RCom says lenders oppose China Development Bank's insolvency petition
RCom says lenders oppose China Development Bank's insolvency petition
livemint
RCom lenders have also decided to appoint J. Sagar Associates as legal counsel to oppose China Development Bank's insolvency petition at the admission stage itself
Reliance Communications Limited    
28 Nov 2017
11.92
5.86%
Business Today
China Development Bank (CDB) filed an insolvency petition on 24 November against Reliance Communications to recover its loan of $1.78 billion (Rs 11,460 crore), according to media reports.
Number of Mutual Funds holding stock rose by 11 to 146 in Sep 2017 qtr.
Reliance Communications Limited    
28 Nov 2017
11.92
5.86%
Business Today
Reliance Communications owes Rs 11,460 crore ($1.78 billion) to the CDB, which accounts for around 37 per cent of the company's Rs 45,000 crore debt.
Reliance Communications Limited    
24 Nov 2017
11.92
5.86%
Business Standard
Aircel and its rival Reliance Communications had planned to combine their wireless operations
Reliance Communications Limited has lost -66.70% in the last 1 Year
  • Month Change by -20.7% (Crossed threshold 20%) on 29 November, 2017
  • Week Change by 32.51% (Crossed threshold 20%) on 21 November, 2017
  • Day Change by 16.26% (Crossed threshold 15%) on 16 November, 2017
  • HDFC Securities released a Results Update report for Reliance Communications Limited on 15 Nov, 2017.
  • Stock Price (22.80) crossed below 50 Day SMA (23.34) on 04 September, 2017
More triggered alerts
Ex-Date Dividend Amount Dividend Type Record Date
Aug. 14, 20130.25--
Aug. 23, 20120.25--
Sept. 15, 20110.50--
Sept. 13, 20100.85--
Aug. 4, 20090.80INTERIM-
All dividends by RCOM