Edition:
India

Reliance Communications Ltd (RLCM.NS)

RLCM.NS on National Stock Exchange of India

32.35INR
17 Jan 2018
Change (% chg)

Rs1.15 (+3.69%)
Prev Close
Rs31.20
Open
Rs31.50
Day's High
Rs32.95
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Rs30.30
Volume
111,211,776
Avg. Vol
101,575,922
52-wk High
Rs41.00
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Rs9.60

Latest Key Developments (Source: Significant Developments)

RCom Says Construction of GCX's Eagle Express Submarine Cable Systems To Be Self Financed
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Reliance Communications Ltd ::RELIANCE COMMUNICATIONS - UNIT GCX ENTERED INTO PARTNERSHIPS TO EXPAND ITS CLOUD ECOSYSTEM AND DATA CENTER FOOTPRINT.RELIANCE COMMUNICATIONS -CONSTRUCTION OF GLOBAL CLOUD XCHANGE'S EAGLE EXPRESS SUBMARINE CABLE SYSTEMS WILL BE COMPLETELY SELF-FINANCED.  Full Article

Reliance Communications Says NCLT Dismissed IBC Applications As Withdrawn By China Development Bank
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Reliance Communications Ltd ::SAYS NCLT DISMISSED IBC APPLICATIONS, AS WITHDRAWN BY CHINA DEVELOPMENT BANK.  Full Article

Reliance Communications ‍Signs Deal With Reliance Jio Infocomm
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Reliance Communications Ltd ::‍SIGNS BINDING DEFINITIVE AGREEMENTS WITH RELIANCE JIO INFOCOMM LIMITED FOR SALE OF VALUABLE WIRELESS SPECTRUM, TOWERS, FIBER AND MCNS​.EXPECTS TRANSACTIONS TO CLOSE IN A PHASED MANNER BETWEEN JANUARY AND MARCH 2018.DEAL CONSIDERATION COMPRISES OF CASH PAYMENT & INCLUDES TRANSFER OF DEFERRED SPECTRUM INSTALMENTS PAYABLE TO DEPARTMENT OF TELECOMMUNICATION‍​.WILL UTILISE PROCEEDS OF MONETISATION OF CASH DEAL SOLELY FOR PRE-PAYMENT OF DEBT TO ITS LENDERS.  Full Article

Reliance Communications Says Release Of Co's Shares By Reliance Innoventures
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Reliance Communications Ltd ::SAYS RELEASE OF UPTO 330 MILLION PROMOTER SHARES REPRESENTING UPTO 11.93 PERCENT OF TOTAL ISSUED CAPITAL.SAYS RELIANCE INNOVENTURES PRIVATE LIMITED SEEKS RELEASE OF CO'S SHARES.  Full Article

Global Cloud Xchange Partners With CMC Telecom
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Global Cloud Xchange::GLOBAL CLOUD XCHANGE PARTNERS WITH CMC TELECOM.GCX WILL OFFER ITS IP TRANSIT SOLUTIONS TO CMC TELECOM IN HONG KONG AND SINGAPORE.CMC TELECOM WILL DEPLOY A VIRTUAL POINT OF PRESENCE (VPOP) FOR GCX IN HANOI.  Full Article

Reliance Communications Says Fortuna Public Relations Files Petition Against Co For Certain Bills
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Reliance Communications Ltd ::CLARIFIES ON NEWS ITEM REGARDING INSOLVENCY PLEA AGAINST CO FOR 4.4 MILLION RUPEES.FORTUNA PUBLIC RELATIONS FILED PETITION AGAINST CO FOR CERTAIN BILLS SUBMITTED BY THEM FOR SERVICES ALLEGEDLY RENDERED.SAYS AMOUNT OF CLAIM MADE BY FORTUNA AGAINST CO IS 4.8 MILLION RUPEES, WHICH IS NOT MATERIAL TO CO.SAYS QUALITY OF SERVICE AND AMOUNT BILLED ARE DISPUTED.  Full Article

Fitch Withdraws Reliance Communication's Ratings
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - :FITCH WITHDRAWS RELIANCE COMMUNICATION'S RATINGS.FITCH SAYS HAS WITHDRAWN RCOM'S LONG-TERM FOREIGN-AND LOCAL-CURRENCY IDR AND RATING ON RCOM'S $300 MILLION 6.5% SENIOR SECURED NOTES DUE 2020.  Full Article

RCom Lenders To Oppose CDB's Insolvency Action Before NCLT, Mumbai
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Reliance Communications Ltd ::SAYS MOST OF CO’S LENDERS DECIDED TO OPPOSE CDB'S INSOLVENCY PETITION AGAINST CO BEFORE NCLT, MUMBAI.LENDERS DECIDED TO APPOINT J SAGAR ASSOCIATES AS THEIR LEGAL COUNSEL TO OPPOSE CDB PETITION AT ADMISSION STAGE.  Full Article

China Development Bank confirms it has filed insolvency case against India's Reliance Communications
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - China Development Bank ::SAYS SAYS CONFIRMS IT HAS FILED INSOLVENCY CASE AGAINST INDIA'S RELIANCE COMMUNICATIONS <<>>.SAYS IT HAS SENT THE NOTICE TO RELIANCE COMMUNICATIONS.SAYS A LARGE AMOUNT OF CDB LOAN PRINCIPAL AND INTERESTS TO RELIANCE ARE OVERDUE.SAYS WILL WORK WITH RELEVANT PARTIES TO WORK ON RESTRUCTURING VIA LEGAL PROCESS.SAYS THE CASE WAS FILED WITH INDIA'S NATIONAL COMPANY LAW TRIBUNAL (NCLT) ON NOV 24.  Full Article

Reliance Communications Says Not Been Served Notice Of Application Filed By China Development Bank With NCLT‍​‍​
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Reliance Communications Ltd ::CLARIFIES ON NEWS ITEM ON CHINA DEVELOPMENT BANK FILING INSOLVENCY CASE AGAINST CO ‍​."SURPRISED BY THE UNTIMELY AND PREMATURE ACTION OF THE CHINA DEVELOPMENT BANK OF FILING AN APPLICATION AT NCLT"‍​.SAYS NOT BEEN SERVED ANY NOTiCE OF APPLICATION FILED BY CHINA DEVELOPMENT BANK WITH NCLT‍​.  Full Article

BRIEF-RCom Says Construction of GCX's Eagle Express Submarine Cable Systems To Be Self Financed

* RELIANCE COMMUNICATIONS - UNIT GCX ENTERED INTO PARTNERSHIPS TO EXPAND ITS CLOUD ECOSYSTEM AND DATA CENTER FOOTPRINT