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Reliance Communications Limited ( (IN:RCOM) ) has shared an update.
Reliance Communications Limited has released its unaudited financial results for the quarter and nine months ending December 31, 2024. The company is under corporate insolvency resolution and its management is overseen by a resolution professional. The financial results were reviewed and approved in a meeting chaired by the resolution professional. However, there are concerns regarding the classification of certain assets as held for sale and the non-payment of spectrum installments, which may impact the company’s financial position. Additionally, the company has not accounted for interest on certain borrowings due to unresolved obligations during the insolvency process.
More about Reliance Communications Limited
Reliance Communications Limited operates in the telecommunications industry, primarily providing wireless network services, broadband, and enterprise services in India. The company has been under corporate insolvency resolution process since June 2019, with its operations managed by a resolution professional.
YTD Price Performance: -18.00%
Average Trading Volume: 1,878,712
Current Market Cap: 4.54B INR
For an in-depth examination of RCOM stock, go to TipRanks’ Stock Analysis page.