Dissolution of foreign step-down subsidiary in Cyprus
RCOM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RCOM has informed exchanges that its foreign step-down subsidiary, Reliance Telecom Infrastructure (Cyprus) Holdings Limited, has been marked as 'Dissolved' by the Cyprus Registrar of Companies. This was discovered during a routine compliance review via the official Cyprus ROC website. RCOM says there is no material impact on its financials or operations, and it is examining the implications. RCOM remains under Corporate Insolvency Resolution Process (CIRP) since June 28, 2019, with the Resolution Professional managing its affairs.
No material financial or operational impact disclosed; subsidiary dissolution is procedural, but RCOM remains under ongoing insolvency resolution process.