RCom assures lenders that it will reduce its Rs 25,000 cr debt by Sept 30
RCom's net debt stood at a whopping Rs 44,345 crore as on March 31 this year30-05-2017
30-05-2017
Hard times ahead for Reliance Communications
RCom's core business, that is telecom services, is witnessing steady decline over the past few quarters. The last quarter was particular weak because it reported deterioration in both voice and data businesses.29-05-2017
Updates
Quarterly Report on the financial results of the Company for the Quarter ended March 31, 201729-05-2017
Reliance Communications Loss Widens To Rs 948 Crore In March Quarter
Reliance Communications said it was "severely impacted" on account of "free offers, disruptive pricing and hypercompetition".28-05-2017
Analysts Call Updates
Further to our letter dated May 19, 2017, we wish to inform you that an Analysts Call on the Audited financial results of the Company for the quarter and year ended March 31, 2017, will be held at 4.00 pm IST on Monday, May 29, 201727-05-2017
Statement Of Audited Financial Results (Consolidated And Stand Alone) For The Quarter And Year Ended March 31, 2017 And Press Release On Financial Results
Further to our letter dated May 19, 2017 and pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we enclose herewith Statement of Audited Financial Results (Consolidated and Standalone) for the quarter and year ended March 31, 2017 along with Audit Report submitted by the Statutory Auditors of the Company....27-05-2017
Reliance Communications under bear attack, stock down 21% in two weeks
Reliance Communication (RCom), part of the Anil Ambani group, is under renewed pressure on Dalal Street over its financial health.The stock is down 21 per cent in two weeks on the BSE exchange, after credit downgrades by domestic rating agencies. In the period, the Bharti Airtel stock price was flat (up one per cent), while Idea Cellular was down 13 per cent; the benchmark Sensex was up 1.7 per cent.Early this week, CARE downgraded RCom from the earlier A- to BB. And, said it would be on a credit watch, citing the operational risk in view of the growing pricing pressure in the sector. The agency says the high debt level at RCom, coupled with lower cash accrual and imminent repayment obligations, had increased the financial risk.This followed a similar downgrade by rating agency ICRA early this month. It had downgraded the long-term rating to BB, from BBB, and reaffirmed its earlier negative outlook. ICRA said the revision took into account the persisting pressures and weakening...25-05-2017