RCom: Turbulence continues
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 Law Tribunal. RCom is now reeling under debt of ₹45,000 crore and owes about ₹7,500 crore to CDB which, with interest, is about ₹9,000 crore. Nearly 31 other lenders of RCom have opposed CDB’s move...
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