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Reliance Communications Ltd (RLCM.NS)

RLCM.NS on National Stock Exchange of India

5.50INR
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Reliance Communications Says Moves NCLAT For Withdrawal Of Its Appeal In Ericsson Matter
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Reliance Communications Ltd ::SAYS MOVES NCLAT FOR WITHDRAWAL OF ITS APPEAL IN ERICSSON MATTER TO PURSUE RESOLUTION PLAN THROUGH NCLT PROCESS.ACCEPTING CO'S APPLICATION FOR WITHDRAWAL APPEAL, NCLAT DIRECTED ERICSSON TO FILE ITS REPLY IN THE MATTER BY 8 FEB 2019.GUARANTORS, ANY THIRD PARTY PROHIBITED FROM INVOKING GUARANTEE, MORTGATE WITHOUT NCLAT’S OR SC'S PRIOR PERMISSION.RCOM OR ANY THIRD PARTY NOT TO SELL/TRANSFER/ALIENATE ANY ASSETS WITHOUT THE NCLAT’S OR THE SUPREME COURT’S PERMISSION.  Full Article

Reliance Communications Says TDSAT Cancels 20 Bln Rupees Demand On Co
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Reliance Communications Ltd ::SAYS TDSAT CANCELS 20 BLN RUPEES DEMAND ON RCOM.TDSAT UPHOLDS RELIANCE COMMUNICATIONS’ PETITION AGAINST DEPARTMENT OF TELECOM ON ONE-TIME SPECTRUM CHARGE ISSUE.TDSAT ASKS DOT TO RETURN 20 BILLION RUPEES BANK GUARANTEE TO RCOM AS PER IT'S EARLIER ORDER PASSED ON 3 JULY 2018.APPELLATE TRIBUNAL RULES THAT UPTO 5 MHZ OF CDMA & UPTO 6.2 OF MHZ GSM CONTRACTED SPECTRUM IS EXEMPT FROM OTSC.  Full Article

RCom To Implement Debt Resolution Plans Through NCLT Framework
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Reliance Communications Ltd ::RCOM BOARD OF DIRECTORS DECIDES UPON IMPLEMENTATION OF DEBT RESOLUTION PLANS THROUGH NCLT FRAMEWORK.DECIDED THAT COMPANY WILL SEEK FAST TRACK RESOLUTION THROUGH NCLT, MUMBAI.SAYS 100% APPROVAL OF ALL 40 LENDERS HAS BEEN IMPOSSIBLE TO ACHIEVE ON ANY MATTER FOR OVER 12 MONTHS.NOTED THAT, DESPITE OVER 18 MONTHS, LENDERS HAVE RECEIVED ZERO PROCEEDS FROM PROPOSED ASSET MONETIZATION PLANS.THERE WILL BE NO IMPACT ON BUSINESS AND OPERATIONS OF OTHER SUBSIDIARIES OF COMPANY.NOTED THAT THE OVERALL DEBT RESOLUTION PROCESS IS YET TO MAKE ANY HEADWAY.RECURRING LEGAL CHALLENGES BY DOT FOR SPECTRUM MONETIZATION, LITIGATION BY OTHER PARTIES SUPPORT DECISION TO GO FOR NCLT RESOLUTION TRACK.RESOLUTION THROUGH NCLT IN THE BEST INTERESTS OF ALL STAKEHOLDERS.  Full Article

India's RCom Says SC Has Given 4 Weeks' Time To File Response To Contempt Petition Filed By Ericsson
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Reliance Communications Ltd ::SUPREME COURT HAS GIVEN 4 WEEKS' TIME TO FILE CO'S RESPONSE TO CONTEMPT PETITION FILED BY ERICSSON.ERICSSON HAS BEEN GIVEN ONE WEEK'S TIME TO FILE ITS REJOINDER.HAS DEPOSITED A PARTIAL PAYMENT OF 1.31 BILLION RUPEES TO ERICSSON FROM OPERATIONAL FUNDS AVAILABLE WITH COMPANY.TOOK REQUIRED STEPS TO ENABLE SETTLEMENT, REMAINS FULLY COMMITTED TO MAKE PAYMENT TO ERICSSON FROM PROCEEDS OF SPECTRUM SALE.  Full Article

Mobile Streams Partners With Reliance Jio
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Mobile Streams PLC ::MOBILE STREAMS PLC - PARTNERSHIP WITH RELIANCE JIO.MOBILE STREAMS PLC - A PARTNERSHIP WITH RELIANCE JIO TO PROVIDE HTML5 GAMES CONTENT FOR THEIR JIOGAMES STORE.  Full Article

RCom, Jio Extend Validity Of Agreements For Sale Of Towers, Fiber, MCNs, Spectrum Of RCom, Affiliates To June 28
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Reliance Communications Ltd ::CO, RELIANCE JIO EXTENDED VALIDITY OF AGREEMENTS FOR SALE OF TOWERS, FIBER, MCNS, SPECTRUM OF RCOM,AFFILIATES TO 28TH JUNE 2019.  Full Article

India's RCom Says NCLAT Adjourned Hearing To Jan 22 In Matter Of Ericsson & Reliance Infratel Minority Related Settlement Petition
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Reliance Communications Ltd ::NCLAT IN MATTER OF ERICSSON PETITION AND RELIANCE INFRATEL MINORITY RELATED SETTLEMENT PETITION ADJOURNED HEARING TO JAN 22.  Full Article

Reliance Communications' Unit Issues Corporate Guarantee Of 14 Bln Rupees To Telecom Dept
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Reliance Communications Ltd ::UNIT RELIANCE REALTY ISSUES CORPORATE GUARANTEE OF 14 BILLION RUPEES TO DOT AS PER TOP COURT ORDER.SAYS PROCEEDS TO BE USED TO CLEAR THE DUES OF ERICSSON AND RITL MINORITY INVESTORS.  Full Article

Reliance Comm Says SC Orders Telecom Dept To Approve Spectrum Trading Within 7 Days
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Reliance Communications Ltd ::RELIANCE COMMUNICATIONS - SUPREME COURT ORDERS TELECOM DEPARTMENT TO APPROVE RELIANCE COMMUNICATIONS’ SPECTRUM TRADING WITHIN 7 DAYS.RELIANCE COMMUNICATIONS - RELIANCE REALTY LIMITED, UNIT OF RELIANCE COMMUNICATIONS, TO ISSUE CORPORATE GUARANTEE OF 14 BILLION RUPEES.  Full Article

India's RCom Says SC Allowed Co To Pay Dues To Ericsson On Or Before Dec 15
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Reliance Communications Ltd ::SAYS SUPREME COURT ALLOWED CO TO PAY DUES TO ERICSSON ON OR BEFORE DECEMBER 15, 2018.  Full Article

UPDATE 2-Two financial firms behind plunge in shares of Reliance Group companies

* Edelweiss, L&T Finance reject Reliance's allegations (Adds Edelweiss, L&T Finance statement)