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Reliance Communications Limited Share: Most of the companies of industrialist Anil Ambani are going through the bankruptcy process. One of these companies is Reliance Communications. Shares of Reliance Communications, which was once one of the popular companies in the telecom sector, have also seen a huge decline due to their poor condition. However, trading of this stock has been stopped for the last few days.
stock performance
Reliance Communications shares have gone through ups and downs in the last few years. Once in the year 2007-08, Rs. After trading above Rs 750, the stock traded at Rs. It had come down to level 2. In this context, the stock has fallen by 99 percent.
How much debt does the company have?
On Reliance Communications till 30th September a total of Rs. There was a loan of Rs 40,413 crore. This includes short and long term loans. However, out of this, the total amount received on loan from banks and financial institutions is Rs. Rs 27,867 crore excluding interest which includes non-convertible debentures (NCDs) of Rs. Rs 3,151 crore including interest. Let us tell you that Reliance Communications is currently going through the corporate insolvency resolution process as per the provisions of the Insolvency and Bankruptcy Code, 2016.
shareholding pattern
Talking about the shareholding pattern of Reliance Communications, the promoter holds 1.85 percent stake. Thus the participation of public shareholders is 97.38 percent. Anil Ambani's family is also included among the promoters.
NCLAT gave relief
Recently, NCLAT rejected the state tax department's plea claiming dues from Reliance Communications. The dues claimed against the company were based on a valuation done after the initiation of insolvency proceedings. A two-member bench of NCLAT upheld the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which had ordered the state tax department to pay Rs. The claim of Rs 6.10 crore was rejected.”
