Disclosure in terms of SEBI Circular No. SEBI / HO / CFD / CMD1 / CIR / P / 2019 /140dated November 21, 2019.

RCOM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+9.3%1-day move

₹0.86

prior close

₹0.90

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0+9.3+14.0+18.6+19.8+18.6+23.3+14.0+14.0+14.0+3.5

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AI summary

Reliance Communications has disclosed massive debt defaults under SEBI's mandatory disclosure rules. The company has defaulted on Rs 28,826 crore of loans from banks and financial institutions, representing 100% of its outstanding borrowings from these sources. Total financial indebtedness stands at Rs 40,410 crore. Additionally, Rs 39,085 crore of interest on bank/FI loans and Rs 3,781 crore on NCDs remain unprovided for in the financial statements. RCOM has been under Corporate Insolvency Resolution Process under IBC since June 2019, with its affairs managed by Resolution Professional Anish Niranjan Nanavaty. The disclosure follows SEBI guidelines requiring listed companies to report loan defaults and debt obligations quarterly.

Likely market impact

Shareholders face extreme risk as the company continues operating under insolvency proceedings with no resolution in sight. The stock (RCOM, BSE: 532712) remains suspended or highly illiquid while creditors' claims are being resolved under IBC, with little to no recovery expected for equity holders.