RCOM stock zoom over 30% on debt reduction plan announcement
Tuesday - December 26, 2017 3:34 pm ,
Category : BUSINESS
RCOM stock zoom over 30% on debt reduction plan announcement
Mumbai Dec 26 (IANS) Shares of Reliance Communications (RCOM) zoomed over 30 per cent after Reliance Group s Chairman Anil Ambani on Tuesday announced that following restructuring the company will reduce its debts by Rs 25 000 crore to Rs 6 000 crore.
Around 3.15 p.m. RCOM s stocks augmented by 36.05 per cent to trade at Rs 22.19 per share on the BSE.
Addressing a press conference Anil Ambani said the company has achieved full resolution of RCOM s debt restructuring.
RCom has close to Rs 45 000 crore debt on its books in October 2017 Ambani said.
--IANS
ppg/hs/vm
