RCom falls 12% on reports DoT has rejected its spectrum deal with Jio

Shares of RCom fell as much as 12 per cent to Rs 13.77 apiece on BSE after a news report suggested that the DoT has told RCom and Reliance Jio Infocomm that it can't approve their spectrum deal

Shares of Reliance Communications (RCom) fell as much as 12 per cent to Rs 13.77 apiece on BSE in the intra-day trade on Wednesday after a news report suggested that the Department of Telecommunications (DoT) on Tuesday, told RCom and Reliance Jio Infocomm that it can’t approve their spectrum deal to trade airwaves as it does not adhere to its guidelines.

The exchange has sought clarification from RCom on December 19, 2018 in reference to news appeared in The Economic Times dated December 19, 2018 quoting "DoT rejects RCom-Jio spectrum trading deal", as per the corporate announcement on BSE.

Although on Friday,