RCom shares slide 9% on reports of insolvency case

Shares of Anil Ambani-led Reliance Communications (RCom) plunged by over 9% in early trade on Tuesday amid reports that China Development Bank has filed insolvency case against the telecom firm. However, an RCom spokesperson said the company has not been served any notice of the application filed by the bank with National Company Law Tribunal, as reported in the media.