Reliance Communications Limited has informed the Exchange about Intimation in accordance with Regulation 30 (2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
RCOM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Central Bureau of Investigation (CBI) carried out a search operation at Reliance Communications Limited's office at Dhirubhai Ambani Knowledge City, Navi Mumbai on August 23, 2025. The search relates to alleged offences under IPC Sections 120B (criminal conspiracy), 406 (criminal breach of trust), 420 (cheating), and Section 13(2) read with 13(1)(d) of the Prevention of Corruption Act, 1988 (CBI Case No. RCBDI2025E0005). CBI officials took possession of various financial documents relating to the company and its subsidiaries. The company has stated that the search is not expected to impact its financials or operations. RCOM is already under the Corporate Insolvency Resolution Process (CIRP) since June 28, 2019, and is being managed by Resolution Professional Mr. Anish Niranjan Nanavaty.
Short-term negative sentiment likely as allegations involve cheating, criminal breach of trust, and corruption. However, since RCOM is already under insolvency resolution and the company claims no financial or operational impact, material effect on existing creditors and the resolution process may be limited pending further developments in the CBI case.