Share price of Reliance Communications (RCom) saw a minor upswing in the past two days after the Telecom Dispute Settlement and Appellate Tribunal directed the Telecommunications Department to release bank guarantees that RCom had provided in 2016 to secure the payment of spectrum-related charges.

The company had approached the tribunal contesting a demand for bank guarantees for one-time spectrum charges, and the telecom tribunal provided some relief. RCom is trying to sell its spectrum, towers, fibre and switching nodes to Mukesh Ambani's Reliance Jio in an "all in the family" sale, and is also selling its real estate to Canada’s Brookfield. The sales if they go through would cut the company's Rs. 46,000 crore debt by half. 

RCom shed over 90% of its workforce in recent months, and has reduced from over 50,000 people to less than 5,000. The company is in multiple negative screeners, including the Highest Fall from 52 Week High Screen.