Reliance Communications share huge down upto 100 percent now Mukesh Ambani bet telco firm – Business News India

read on the appShare Crash: By the way, there are many companies of Anil Ambani which are going through the bankruptcy process. One of these companies is Reliance Communications

i.e. RCom of the telecom sector. The shares fell 1.17% to close at Rs 1.69 on Thursday, the fourth trading day of the week. In the year 2007, the share price of this company had

reached Rs.786. Accordingly, RCom's stock has fallen by almost 100%. The stock has lost about 59% in the one-year period. Let us tell you that this is the same company on whose

assets Mukesh Ambani's Reliance Industries company has staked. The country's leading telecom company Reliance Jio has announced the takeover of mobile tower and fiber assets of

debt-ridden Reliance Infratel (RITL) of Anil Ambani. Recently there were reports that Reliance Jio has deposited ₹ 3720 crore in the escrow account of State Bank of India (SBI).

The government is selling this company, after the approval of de-merger, the stock became a rocket, the price came at ₹ 122 The Committee of Creditors (CoC) had

approved the resolution plan of Jio with 100 per cent vote on March 4, 2020. RITL has fiber assets of about 1.78 lakh route kilometers and 43,540 mobile towers across the country.

Explain that Anil Dhirubhai Ambani group company Reliance Communications (RCom) is going through the bankruptcy process. After the launch of Mukesh Ambani's Reliance Jio in the

year 2016, the difficulties of this company increased due to free data and price war. This share of Tata going through huge upheaval, crashed 82% to ₹ 50, the stock was ₹

290 If you look at the share price history of Reliance Communications, it has crashed badly. The stock has fallen from Rs 786 (close price of 2 November 2007) to Rs 1.69

(close price of 23 February 2022). That is, during this time the investment of 1 lakh reduced to only about 200 rupees.