Announcement under Regulation 30 (LODR)-Updates
Intimation under Regulation 30, 51, 56, 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.09-02-2018
09-02-2018
Caution for investing in a company promising 'reinvention': Reliance Communications pulled up by TRAI
Reliance Communications, in a press meet in December, had announced a shift in its business model after its consumer telecom business collapsed under bankruptcy and circling lenders. The company's share price began to recover as Anil Ambani said that the "new" B2B focused company will be based on a capex-light model and will generate sustainable cash flows. However, this new Reliance Communications is already the target of TRAI's ire. The regulator has pulled up RCom for "trying to pocket the unspent pre-paid balances and security deposits of its mobile subscribers". TRAI issued a notice in January asking RCom to refund the unused balance of the telco's prepaid customers, and the security deposit of the post-paid subscribers by January 31. RCom responded by asking the regulator to withdraw its directive and cited mobile number portability (MNP) rules to say that it is not required to give the money back. These rules however, don't apply to a company closing down. TRAI estimates that by failing to refund customers, the firm is adding approximately Rs. 150 crore to its own coffers.09-02-2018
Clarification sought from Reliance Communications Ltd
The Exchange has sought clarification from Reliance Communications Ltd with respect to news article appearing on www.financialexpress.com - February 6, 2018 titled "Trai slams Reliance Communications for refusing to refund consumers balance".The reply is awaited.07-02-2018
Battery dealer Smartphone withdraws insolvency plea against RCom
In another relief for debt-laden Reliance Communications, Mumbai-based Smartphone has withdrawn a petition seeking insolvency of the company filed before the National Company Law Tribunal (NCLT).02-02-2018
RCom shares rally 15%
Shares of Reliance Communications Ltd (RCom) surged as much as 14.9 per cent to Rs 31.20, their biggest intraday percentage gain since December 29, 2017.The company had reported a narrower Q30-01-2018
Reliance Communications rising sharply on block deals post results
RCom's share price is surging today post results after 24 lakh shares changed hands in multiple block deals. The company reported December quarter results where losses fell sharply, and revenues were up 1% to Rs. 1,144 crore. The company reported net losses of Rs. 130 crore, compared to previous losses of Rs. 2,712 crore. EBITDA, management said, is up slightly by 0.5%. RCom is selling much of its wireless assets to Reliance Jio in a fire sale to repay its debts - the company owed banks $7 billion as of March 2017. There are additional debts it owes its vendors as well. Post the sale of its wireless assets, RCom's business is in undersea cables and data centres, which Chairman Anil Ambani said it will focus on in the form of a B2B company.30-01-2018
Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2017, Limited Review Reports And Media Release.
Statement of unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2017, Limited Review Reports and Media Release.29-01-2018
Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2017, Limited Review Reports And Media Release.
Statement of unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2017, Limited Review Reports and Media Release.29-01-2018
Clarifies on news item
The Exchange had sought clarification from Reliance Communications Ltd with respect to the media report titled, "TRAI directs RCom to refund unspent money of mobile customers".Reliance Communications Ltd response is enclosed.22-01-2018
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Reliance Wind Turbine Installators Industries Pvt Ltd22-01-2018