Synopsis: Reliance Communications and its subsidiary Reliance Telecom are in the spotlight as certain RTL loans have been flagged as fraudulent by the Central Bank of India while the companies undergo CIRP.
The shares of the penny stock company specializing in integrated telecom services, offering wireless/wireline, broadband, enterprise solutions (voice, data, IT), data centers and and operating one of the world’s largest optical fiber networks, are been into the spotlight upon declaring the Loan accounts of its Arm, Reliance Telecom, as Fraud.
With a market capitalization of Rs. 293.15 crores on Wednesday, the shares of Reliance Communications Limited declined upto 2.7 percent, making a low of Rs. 1.05 per share…