Is RCom share good to buy?
As on 16th Jul 2021 RCOM Share Price closed @ 3.95 and we RECOMMEND Buy for LONG-TERM with Stoploss of 1.81 & Buy for SHORT-TERM with Stoploss of 2.94 we also expect STOCK to react on Following IMPORTANT LEVELS.
Is RCom and Jio same?
RCom and its unit Reliance Telecom (RTL), once owned by Anil Ambani, Mukesh’s younger brother, had entered into an agreement with Jio in 2016 for trading spectrum in eight circles and sharing airwaves in 17 circles.
Who will take over RCom?
Jio is currently the sole tenant of its towers after RCom closed down operations. Reliance Jio last year signed an agreement to buy RCom’s assets including 43,000 telecom towers, 178,000 km of fibre network across the country, and valuable spectrum, for around Rs 25,000 crore.
Is RCom going to shut down?
Rcom has closed its telecommunications business in 2019 and filed for bankruptcy. In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt. It has an estimated debt of ₹50,000 crore against assets worth ₹18,000 crore.
Will Jio buy RCom?
On Monday, the Mukesh Ambani-led company also submitted to the court that it is not interested in acquiring the spectrum or any asset of RCom, owned by Ambani’s younger brother Anil Ambani. Jio also said it has not submitted any resolution plan to acquire RCom under the Insolvency and Bankruptcy Code (IBC).
Why Reliance Communication is shutting down?
The beleaguered telco said that the “unfortunate outcome” was attributable to a lack of “100% approval and consensus, as mandated by RBI’s (Reserve Bank of India) 12th February 2018 circular, on all important issues, amongst over 40 lenders, Indian and foreign, despite the passage of 12 months and over 45 meetings.” …
What happen to RCom now?
Liquidation of RCom and RTL will result in a loss of Rs 40,000 crore to 38 lenders. Chinese banks led by China Development Bank will lose Rs 9,000 crore, while SBI stands to lose Rs 3,000 crore and Life Insurance Corporation of India stands to lose Rs 3,700 crore.
Who is the CEO of Reliance Communication?
Bill Barney (Mar 2015–)
Who is owner of Reliance Power?
Reliance Group
Is Mukesh Ambani owner of Reliance Power?
Reliance Power Limited (R-Power), formerly Reliance Energy Generation Limited (REGL) is a part of the Reliance Anil Dhirubhai Ambani Group. It was established to develop, construct, operate and maintain power projects in the Indian and international markets.
How much does Mukesh Ambani own in reliance?
Mukesh Ambani owns approximately 45% of Reliance Industries, making his net worth approximately US$ 24 billion.
Is Reliance Capital owned by Mukesh Ambani?
Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. Reliance Capital, a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the Reliance Group.
How many property does Mukesh Ambani have?
Reliance Industries Ltd (RIL) Chairman and Managing Director Mukesh Ambani is the richest Indian and the eighth richest man in the world with a networth of ₹6.06-lakh crore ($83 billion).
How much did Ambani earn in lockdown?
According to the Oxfam report, Ambani earned Rs 90 crore per hour during the coronavirus pandemic.
Is Urvashi Rautela a IITian?
Urvashi Rautela’s social media handle proudly boasts her to be an IITian. But Urvashi has said that she was a science student and cleared the Indian Institute of Technology which is the most prestigious engineering institute in India with good scores.