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Anil Ambani's RCom surges 10% after payment to Ericsson
short by Shruti Maria Mahendar / on 19 Mar 2019,Tuesday
Shares of Reliance Communications (RCom) rallied 10% on Tuesday after the company cleared Swedish company Ericsson's ₹550-crore dues. Chairman Anil Ambani, who avoided a three-month jail term after the payment, thanked his elder brother Mukesh Ambani for his "timely support". The dues were cleared just a day before the expiry of the deadline set by the Supreme Court.
short by Shruti Maria Mahendar / 04:46 pm on 19 Mar
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