Reliance Communications Limited has informed the Exchange about Action(s) initiated or orders passed
RCOM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Enforcement Directorate's Adjudicating Authority has confirmed the attachment of multiple properties belonging to Reliance Communications (RCOM) and its wholly-owned subsidiaries - Campion Properties Limited (CPL) and Reliance Realty Limited (RRL). The confirmed assets include a 3.7-acre land lease in New Delhi, a 132-acre plot in Navi Mumbai's Trans Thane Creek Industrial Area, multiple commercial properties in Chennai, Bhubaneswar, and Pune, as well as buildings at Dhirubhai Ambani Knowledge City in Navi Mumbai. These attachments stem from three Provisional Attachment Orders issued between October-November 2025 under the Prevention of Money Laundering Act. The company states these attachments will have an adverse impact and that legal advice is being sought. Notably, RCOM has been under corporate insolvency resolution process since June 2019.
This is a significant negative development as it further depletes the asset pool available for creditors and the resolution applicant. The PMLA-linked asset freeze adds regulatory risk and complexity to the ongoing insolvency process, potentially reducing recovery value for stakeholders.