Announced Thu, 6 Aug · 17:26 IST
Singapore step-down subsidiary of RCOM struck off by registrar
RCOM · price
▲ 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
+0.0%1-day move
₹0.83
prior close
₹0.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2+0.0-2.4-1.2+0.0+0.0+0.0-1.2-1.2-2.4-2.4+2.4——
Up moveDown movePending
AI summary
Reliance Communications told exchanges that its Singapore step-down subsidiary Reliance Communications Singapore Pte. Limited was struck off by Singapore's company registrar. The entity had stopped filing returns after March 2018. RCOM says the impact on financial or operational activities is NIL. RCOM itself remains under insolvency resolution since June 2019. Company is examining further implications.
Likely market impact
Minimal impact as subsidiary inactive since 2018 and company states effect is NIL. Pure disclosure housekeeping during ongoing insolvency.