Reliance Communications Ltd. News and Updates

Keep track of all breaking news on Reliance Communications Ltd. from all sources in a single place.

05 Aug 2025

1.67

-2.34%

Anil Ambani appears before ED in bank loan 'fraud' linked PMLA case

Business Line

The Union government had informed Parliament recently that the State Bank of India has classified RCOM along with Ambani as "fraud" and was also in the process of lodging a complaint with the CBI.

Reliance Communications Ltd. is trading above its 50 day SMA of 1.6

Reliance Communications Ltd.

25 Jul 2025

1.67

-2.34%

Reliance Communications Says ED Conducted Searches At Navi Mumbai Premises

NDTV Profit

The ED had earlier searched properties linked to Anil Ambani in Mumbai and Delhi over alleged money laundering.

Reliance Communications Ltd. is trading below its 100 day SMA of 1.7

Reliance Communications Ltd.

22 Jul 2025

1.67

-2.34%

SBI classifies RCom, Anil Ambani as 'fraud'; to lodge complaint with CBI

Business Standard

State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as 'fraud' and is also in the process of lodging complaint with CBI, Parliament was informed on Monday. The entities were classified as fraud on June 13, 2025 in accordance with the RBI's Master Directions on Fraud Risk Management and Bank's Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. "On June 24, 2025, the bank reported classification of fraud to RBI, and is also in the process of lodging complaint with CBI," he said. Further, on July 1, 2025, as part of disclosure compliance, Resolution Professional of RCom informed the Bombay Stock Exchange regarding fraud classification by the bank. The credit exposure of SBI in RCom includes, fund-based principal outstanding amount of Rs 2,227.64 crore along with the accrued interest and expenses with effect from August 26, .

Reliance Communications Ltd. is trading above its 50 day SMA of 1.6

Reliance Communications Ltd.

10 Jul 2025

1.67

-2.34%

Canara Bank drops 'fraud' label on Anil Ambani-linked RCom loan account

Business Standard

The case relates to a loan account linked with Ambani's firm Reliance Communications, which is undergoing insolvency proceedings

Reliance Communications Ltd. is trading above its 50 day SMA of 1.6

Reliance Communications Ltd.

02 Jul 2025

1.67

-2.34%

SBI to label RCom loan account as 'fraud', names Anil Ambani in RBI report

Business Standard

State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI). The move is expected to be followed by other lenders who have given loans to Reliance Communications Ltd (RCom). Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect. SBI has decided to report the loan account of the company as 'fraud' and to report the name of Anil Ambani (erstwhile director of the company) to the RBI, as per the extant RBI guidelines, it said. As per the RBI guidelines, after a bank classifies an account as 'fraud', the lender should then report the fraud to RBI within 21 days of detection and also report the case to CBI/Police. According to the filing, Reliance Communications and its subsidiaries received a total loan of Rs 31,580 crore f

Reliance Communications Ltd. is trading below its 100 day SMA of 1.7

Inside RCom's maze of transactions and financial irregularities

Business Line | 02 Jul 2025

Reliance Communications Ltd.

02 Jul 2025

1.67

-2.34%

Anil Ambani not immune to enforcement actions in Reliance Communications case, say lawyers

Business Line

Anil Ambani may face proceedings independent of Reliance Communications' insolvency process

Reliance Communications Ltd. has gained 18.44% in the last 1 Month

Reliance Communications Ltd.

04 Apr 2025

1.67

-2.34%

Reliance Communications: Anil Ambani-led company discloses total debt of THIS amount. Check here

livemint

Reliance Communications share price gained over 1% in one month, but has fallen 13.5% on a year-to-date (YTD) basis. In the past six months, the shares of Anil Ambani-led telecom company has dropped 23%. The penny stock has fallen 10% in one year.

Reliance Communications Ltd. is trading above its 50 day SMA of 1.6

Reliance Communications Ltd.

15 Nov 2024

1.67

-2.34%

Anil Ambani's Reliance Communication Gets Fraud Notice From Canara Bank For Loan Misuse

NDTV Profit

The notice to Reliance Communications mentions the issues in using loans worth Rs 1,050 crore, sanctioned as credit facilities.

Reliance Communications Ltd. is trading above its 50 day SMA of 1.6

Reliance Communications Ltd.

07 Nov 2024

1.67

-2.34%

Telecom issue: NCLAT dismisses petitions, says IBC to prevail over Trai Act

Business Standard

Insolvency tribunal NCLAT has said that the Insolvency & Bankruptcy Code (IBC) would prevail over the provision of the Telecom Service Regulatory Authority of India (TRAI) Act, as it dismissed two petitions filed by the sectoral regulator in the RCom matter. The National Company Law Appellate Tribunal (NCLAT) dismissed the plea by the telecom regulator TRAI against the classification of the balances of the customers of RCom as operational debt by the resolution professional in the insolvency proceedings of the defunct service provider. NCLAT also dismissed the second petition filed by TRAI, where it sought direction to the resolution professional of RCom for payments of statutory dues amounting to Rs 85.10 lakh. "The submission of the appellant (TRAI) that Act being a special law, would prevail over the provisions of IBC cannot be accepted." "The Supreme Court has already held that Section 238 of the IBC has overriding effect over any other law. Hence, IBC shall prevail over the ..

Reliance Communications Ltd. is trading below its 100 day SMA of 1.7

Reliance Communications Ltd.

21 Sep 2024

1.67

-2.34%

NCLAT dismisses tax claim against Reliance Communication filed after insolvency initiation

Business Today

A two-member NCLAT bench upheld the earlier order passed by the Mumbai bench of the NCLT, which had rejected the state tax department's claim of Rs 6.10 crore.Corporate Insolvency Resolution Process against Reliance Communication was initiated on June 22, 2019.

Reliance Communications Ltd. is trading below its 100 day SMA of 1.7

NCLAT Rejects Tax Claim Filed Against RCom After Initiation Of Insolvency

NDTV Profit | 21 Sep 2024 1 more

Is Reliance Communications Ltd. worth buying?

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Buy 65.62%

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Hold 11.1%

35.27% Fall from 52W High

Reliance Communications Ltd. News and Updates

Keep track of all breaking news on Reliance Communications Ltd. from all sources in a single place.