Synopsis:
On Friday, the shares of a prominent international provider of communication services fell after Bank of Baroda had officially classified the loans of Reliance Communications and its former director, Anil Ambani, as fraudulent.
The shares of the telecommunication firm engaged in offering a comprehensive suite of telecom services, covering wireless, wired connections, domestic, and direct-to-home services, gained attention after the Bank of Baroda had categorized the loans with Reliance Communications and former director, Anil Ambani, as fraud.
With a market capitalization of Rs.389.94 crore, the shares of Reliance Communications Limited were trading at Rs.1.38, down by 3.50 percent from the previous day’s…