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| Name | Reliance Communications shares fall by over 48% as company files for bankruptcy |
| Video Uploader | Video From Mint |
| Upload Date | This Video Uploaded At 04-02-2019 09:42:38 |
| Video Discription | Shares of Reliance Communications Ltd or RCom today slumped over 48% in morning trade after the company has decided to opt for insolvency proceedings, following its failure to sell assets for paying back its lenders. RCom fell as much as 48.27% on BSE to ₹6 a share intraday. At 9.40 am, the stock was trading at ₹7.34 on BSE, down 36.7% from its previous close. In comparison, benchmark Sensex fell 0.23% to 36,386.78 points. RCom’s USD bonds due November 2020 rose 2 cents on the dollar to 25.02 cents, the biggest move since September 20, according to prices compiled by Bloomberg. Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze |
| Category | News & Politics |
| Tags | Reliance Communications | Reliance | Anil Ambani | Shares Fall | Stock Market | Crash |
