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Reliance Communications Faces Potential Fraud Declaration by Central Bank

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Reliance Communications Faces Potential Fraud Declaration by Central Bank

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An update from Reliance Communications Limited ( (IN:RCOM) ) is now available.

Reliance Communications Limited has received a notice from the Central Bank of India regarding a potential declaration of its account as ‘fraud’ following a forensic audit report. This development could significantly impact the company’s financial standing and its ongoing insolvency resolution process.

More about Reliance Communications Limited

Reliance Communications Limited is a telecommunications company based in Navi Mumbai, India. It operates in the telecom industry and is currently under corporate insolvency resolution process, with its affairs managed by a Resolution Professional.

Average Trading Volume: 1,565,051

Technical Sentiment Signal: Sell

Current Market Cap: 3.79B INR

See more insights into RCOM stock on TipRanks’ Stock Analysis page.

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