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Company Profile

RELIANCE COMMUNICATIONS LTD.

NSE : RCOMBSE : 532712ISIN CODE : INE330H01018Industry : Telecommunication - Service ProviderHouse : ADAG
BSE1.790.08 (+4.68 % )
PREV CLOSE (Rs.) 1.71
OPEN PRICE (Rs.) 1.74
BID PRICE (QTY) 1.79 (85120 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 11455465
TODAY'S LOW / HIGH (Rs.)1.72 1.79
52 WK LOW / HIGH (Rs.)1.1 21.65
NSE1.75 0.05 (+2.94 % )
PREV CLOSE(Rs.) 1.70
OPEN PRICE (Rs.) 1.75
BID PRICE (QTY) 1.75 (2949823 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 6123882
TODAY'S LOW / HIGH(Rs.) 1.70 1.75
52 WK LOW / HIGH (Rs.)1.2 21.7

Company News

Date Heading Details
15-Jul-2019 Corporate Insolvency Resolution Process (CIRP)-Invitation of Resolution Plan This is in furtherance of the letter addressed to your good office dated 25th June, 2019, whereby you were informed of the appointment of the RP and the ongoing corporate insolvency resolution process of Reliance Communications Limited ('Corporate Debtor'). In furtherance thereof, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') and in accordance with the requirements of sub-clause 16(h) of Clause A of Part A of Schedule III of the Listing Regulations, we wish to inform you that the invitation for resolution plans in Form G along with the relevant particulars has been published on 15 July 2019 in the following newspapers and on the website of the Corporate Debtor at https://rcom.co.in/ourcompany/investor-relations/ibc- 2019/, in accordance with Section 25(2)(h) of the Insolvency and Bankruptcy Code, 2016 and Regulation 36A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
15-Jul-2019 Reliance Communications Ltd reply to clarification sought by the exchange The Exchange had sought clarification from Reliance Communications Ltd with reference to the media report, "SBI probe flags Rs 5,500 crore deals among Anil Ambani cos". Reliance Communications Ltd response is enclosed.
11-Jul-2019 Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors Disclosure of outcome of meeting of Committee of Creditors pursuant to Regulation 30 of Listing regulations.
10-Jul-2019 Clarification sought from Reliance Communications Ltd The Exchange has sought clarification from Reliance Communications Ltd with respect to news article appearing on economictimes.indiatimes.com July 10, 2019, titled "SBI probe flags Rs 5,500 crore deals among Anil Ambani cos". The reply is awaited.
01-Jul-2019 Corporate Insolvency Resolution Process (CIRP)-Replacement of Interim Resolution Professional (IRP) The committee of creditors ('CoC') of the Corporate Debtor, pursuant to the meeting held on May 30, 2019 and in terms of Section 22 (2) of the Code, resolved, with requisite voting share, to replace the existing Interim Resolution Professional with Mr. Anish N. Nanavaty as the resolution professional ('RP') for the Corporate Debtor. Accordingly, the CoC had filed an application before the NCLT for the appointment of the undersigned as the RP. The NCLT has in its hearing dated June 21, 2019 orally pronounced the approval for the appointment of Anish N. Nanavaty as the RP of the Corporate Debtor, which was published on June 28, 2019 ('Order'). The details of the oral pronouncement was earlier disclosed to the exchanges on June 25, 2019.
25-Jun-2019 Corporate Insolvency Resolution Process (CIRP)-Replacement of Interim Resolution Professional (IRP) The committee of creditors ('CoC') of the Corporate Debtor, pursuant to the meeting held on May 30, 2019 and in terms of Section 22 (2) of the Code, resolved, with requisite voting share, to replace the existing Interim Resolution Professional with Mr. Anish N. Nanavaty as the resolution professional ('RP') for the Corporate Debtor. Accordingly, the CoC had filed an application before the NCLT for the appointment of the undersigned as the RP. The NCLT has in its hearing dated June 21, 2019 orally pronounced the approval for the appointment of Anish N. Nanavaty as the RP of the Corporate Debtor with immediate effect ('Order'). Kindly note that a copy of the Order has not been published and is currently awaited, however, in the interest of good corporate governance, the undersigned is making the intimation to your good office. Pursuant to the Order being made available by the NCLT, the RP shall act in pursuance of the Order.
17-Jun-2019 Corporate Insolvency Resolution Process (CIRP)-List of Creditors In compliance with clause 16(e) of Para A of Part A of Schedule III read with Regulation 30 of SEBI Listing Regulations, 2015. we enclose herewith the list of financial creditors of Reliance Communications Limited (the Company) whose claims have been received and provisionally admitted and is being displayed on the website of the Company under Regulation 13(2)(c) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016. You are requested to take the above information on record.
06-Jun-2019 Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) In continuation of our earlier communication dated 31 May, 2019 regarding outcome of first meeting of CoC, we wish to inform you that the e-voting for the resolutions put to vote at the first meeting of the CoC of the Company commenced at 3 June, 2019, at 5:00 p.m. and concluded on 4 June, 2019 at 05:00 p.m. The brief details of results of e-voting as required under Regulation 26(4) of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 is attached herewith as Annexure I.
01-Jun-2019 RCOM's creditors claim Rs 49,193 crore dues <p align="justify">Reliance Communications' (RCOM) financial creditors have submitted claims of over Rs 49,193 crore, which showed that China Development Bank, LIC and SBI have the highest exposure in the dues. </p><p align="justify">Interim Resolution Professional (IRP) Pardeep Kumar Sethi has admitted claims of Rs 47,038.79 crore and the remaining amount have been put for verification. The IRP also admitted full claims made by Life Insurance Corporation (Rs 4,758 crore), Exim Bank of China (Rs 3,356.44 crore), Standard Chartered Bank (Rs 2,130.23 crore), ICBC (Rs 1,832.89 crore), Syndicate Bank (Rs 1,225.19 crore), and Punjab National Bank (Rs 1,126.87 crore), among several others.</p><p align="justify">The company is under the corporate insolvency resolution process after it failed to pay dues of lenders and vendors.</p><p align="justify">RCOM is India's foremost and truly integrated telecommunications service provider.<br></p>
31-May-2019 Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part A of Schedule III of Listing Regulations, we wish to inform you that the First meeting of the Committee of Creditors (CoC) was conducted on 30 May, 2019 to provide business update, ratification of CIRP Costs and discussion on the appointment of Resolution Professional of Reliance Communications Limited (the "Company"). CoC would communicate the decision regarding appointment of RP to Adjudicating Authority (i.e. Hon''ble NCLT, Mumbai Bench) after the results of e-voting.

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