Rcom Shares

RCom shares rise 17% on Reliance Jio deal, surge 122% in last 4 weeks

In four days, shares of the company have zoomed 122% adding Rs 5,506.76 crore to its market capitalisation

Reliance Communications shares slump 14% on Rs 2,709 cr Q2 loss

This is the fourth straight quarter of loss for the company

Lenders reluctant to convert RCom shares at a premium

Bankers said they had taken note of the collapse of the Reliance Communications-Aircel merger deal, which would increase stress on the company

RCom shares end 4% lower on further downgrade in ratings

The stock went down by 3.73% to settle at Rs 19.35 on the BSE

Rcom shares surge over 5% after 7-month extension to service debt

The company will work on two deals, which will reduce its debt by 60% of the total $7 billion

Why Anil Ambani is richer despite telecom rout

RCom fell 0.5% to Rs 20.65 and is this year's worst-performing stock on the S&P BSE 200 Index

Debt trap: RCom shares, bonds continue to tumble amid debt concerns

Shares and bonds of the Anil Ambani-led Reliance Communications (RCom) continued to tumble on Monday, amid concern around mounting debt and ability to service the loans, given the competitive pressure in telecom. Shares of RCom dropped as much as 24 per cent to hit an intra-day low of Rs 19.7. It recovered marginally to end at Rs 20.5, down Rs 5.3 or 20.5 per cent on the BSE.The company's $300-million bonds, due in 2020, dropped 14 per cent to a record low, according to prices compiled by Bloomberg.Shares of four other Anil Ambani-controlled companies fell between six and 11 per cent, for the same reason. Data compiled by Capitaline estimates the five companies' debt dues at a combined Rs 125,000 crore as of end-March. Shares of group companies have come under pressure in the past two weeks after rating agencies ICRA and CRISIL downgraded their scores on these. While shares of Rcom have tumbled 33 per cent since May 19, Reliance Infra and Reliance Capital are down 21 per cent and 18 ..