RCom had lost Rs 18,525 crore in market capital between June 18 and July 4, with the scrip falling to Rs 438.20 on Friday from the earlier Rs 527.95 a share. The market cap on June 18 stood at Rs 108,969.94 crore, compared with Rs 90,445.36 crore recorded today.
According to sources close to the development, RCom has written a letter to Sebi seeking an investigation into what it alleges as "price hammering".In the letter, the Anil Ambani-led firm has charged rival interests of market abuse.
However, certain analysts attributed the fall to market sentiments when other scrips also took a beating.When contacted, an RCom spokesperson declined to comment.
Earlier, on June 17, Mukesh Ambani-controlled Reliance Industries (RIL) had written a letter to South African telecom company MTN and RCom
