Who is owner of Reliance Communication?
Reliance GroupReliance Communications / Parent organizationReliance Anil Dhirubhai Ambani Group or popularly known as Reliance ADA Group or simply Reliance Group is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani’s business was divided up, is headed by his younger son Anil Ambani. Wikipedia
Which company is Reliance Communication?
Reliance Communications Limited is the flagship Company of Reliance Anil Dhirubhai Ambani Group India’s third largest business house with around 1.2 billion subscribers.
Is Reliance Jio and Reliance Communication same?
Reliance Digital is a unit of Reliance Industries Ltd and part of its Jio telecom business. Reliance Infratel houses the tower and fibre assets of Anil Ambani group’s Reliance Communications Ltd (RCom), which is also in bankruptcy.
What is the future of RCom?
As on 10th Jun 2022 RCOM Share Price closed @ 2.40 and we RECOMMEND Strong Sell for LONG-TERM with Stoploss of 3.12 & Strong Sell for SHORT-TERM with Stoploss of 2.70 we also expect STOCK to react on Following IMPORTANT LEVELS.
What is the future of RCOM?
What is future of RCom?
As on 6th Jun 2022 RCOM Share Price closed @ 2.45 and we RECOMMEND N/A for LONG-TERM with Stoploss of 0.00 & N/A for SHORT-TERM with Stoploss of 0.00 we also expect STOCK to react on Following IMPORTANT LEVELS.
Should I buy Reliance Communications?
As on 1st Jun 2022 RCOM Share Price closed @ 2.55 and we RECOMMEND N/A for LONG-TERM with Stoploss of 0.00 & N/A for SHORT-TERM with Stoploss of 0.00 we also expect STOCK to react on Following IMPORTANT LEVELS.
Why is Reliance Communication closing?
RCom Shut Down Its Business Notably, Reliance Communication was forced to shut down its wireless business in 2017 due to its decreasing revenue and debt. For the unaware, Anil Ambani’s net worth was $45 billion in 2007 and he used to have a 66 percent share in Reliance Telecommunications.
What’s full form of Jio?
JIO stand for Joint Implementation Opportunities. Mr. mukesh ambani is the founder of reliance jio and founded it in year 2007.
Will Mukesh Ambani buy RCom?
Mukesh Ambani was interested to buy Rcom but in the early months of 2018. Since the AGR matter came out, Mukesh Bhai has stepped out from purchasing Rcom company. When Mukesh Bhai did this and in absence of hope of improvement in Telecom Sector health, Anil Ambani decided to send Rcom for Bankruptcy.
Is there any future of RCom?
As of now, there is nothing like Mukesh Ambani is going to purchase the whole Rcom Company. Secondly, 5G is not going to benefit Rcom as it is still fighting from Liquidation and trying to find a resolution plan. Liquidation will directly prompt the exchanges to delist shares. No one will be able to do anything.
Will RCom go up?
Can RCom survive?
Anil Ambani, chairman of Reliance Communications. Anil Ambani-promoted Reliance Communications (RCom), which is now bankrupt, will now undergo liquidation, unless the Supreme Court overturns the National Company Law Appellate Tribunal (NCLAT) order.