Share Price Of Reliance Communications Added 7.5 Percent Intraday Tuesday - Dollar Advisory Financial Services

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Tuesday 22 May 2018

Share Price Of Reliance Communications Added 7.5 Percent Intraday Tuesday

Share price of Reliance Communications added 7.5 percent intraday Tuesday after the company appealed before NCLAT against NCLT order.

The company with its two subsidiaries Reliance Telecom and Reliance Infratel today filed appeals before the NCLAT challenging and praying to stay the order of the NCLT, whereby Ericsson applications had been allowed to be admitted for debt resolution under the NCLT Insolvency and Bankruptcy Code process.

Last week NCLT had admitted the petition filed by Ericsson. Ericsson is looking to recover dues of around Rs 1,150 crore from Reliance Communications and two of its subsidiaries.

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