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RCom shares surge 65% after reports of Ericsson settlement
short by Krishna Veera Vanamali / on 17 May 2018,Thursday
Shares of Anil Ambani-led Reliance Communications (RCom) surged 65.7% on Thursday after reports suggested that the company is in talks with Ericsson for a settlement. The National Company Law Tribunal admitted a bankruptcy plea filed by Ericsson against RCom. The Swedish equipment maker is seeking to recover dues of around ₹1,155 crore from Reliance Communications and two of its subsidiaries.
short by Krishna Veera Vanamali / 09:44 pm on 17 May
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