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Anil Ambani Group stocks under pressure on debt concerns; RCom falls 24%

Reliance Infra, Reliance Capital, Reliance Power and Reliance Defence too down over 4%

Pranati Deva & Deepak Korgaonkar  |  Mumbai 

Shares of Reliance Anil Dhirubhai Ambani Group (ADAG) companies were under severe pressure, falling by up to 24% on BSE in intra-day deals on concerns of whether the group would be able to repay the high debt to banks amid poor March-quarter results.  RCom tanked nearly 24% in intra-day trade to Rs 19.70, also its record low on the BSE. Reliance Infrastructure, Reliance Capital, Reliance Power and Reliance Defence, the other ADAG group stocks, too, slipped in the range of 4% to 8% on the BSE, as against 0.24% rise in the S&P BSE Sensex at 12:20 pm. RCom on Saturday had ...

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First Published: Mon, May 29 2017. 12:35 IST
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