Rcom Rallies Over 3% Promises To Pay Back Debt


Debt- laden Reliance Communications soared over 3% on BSE in the first half of Thursday’s trade.

The company told the lenders that they will repay Rs 25000 crore before September 30, this year, expected to be generated from two crucial business deals.

The company’s net debt stood at Rs 44,345 crore as on March 31, 2017. The company further informed that the Rs 25,000 crore which it plans to pay will cover all scheduled repayments and substantial prepayments to all lenders on a pro-rata basis.

On today’s session, the stock on NSE attracted a traded volume of 6,30,96,309 shares and a traded value of 12,922.12 lakhs on the first half of Thursday’s trade.

The stock traded on a fresh 52 -week low of Rs 18.10 per share on NSE and Rs 18.15 per share on BSE on the previous trading session.

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