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Is there any hope for RCOM?

Is there any hope for RCOM?

The company is deep in debt and any hopes of recovery are unlikely. The company has also shut most of its operations and the promoters are trying to sell the assets. It is being referred to the NCLT, so Rs. 0.65 is probably that the market is putting for the NCLT outcome for RCOM.

What is the current net worth of Anil Ambani?

“Anil Ambani’s investments were worth more than $7 billion in 2012, they are now worth $89 million, and his net worth is zero once his liabilities are taken into account… Quite simply, he was a wealthy businessman, now he is not,” his lawyer told a UK court last year.

Why did reliance RCOM fail to sell spectrum?

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RCom even failed to sell spectrum to Mukesh Ambani’s Reliance Jio, a deal that was expected to bring some relief to the cash-strapped company. “RCom board of directors decides upon implementation of debt resolution plans through NCLT framework,” the company said in a statement.

What is the future of RCOM?

But Rcom is already insolvent and now there’s is no future. Anil Ambani will continue with subsidiary companies but telecommunication will be vanished. I have 10000 shares of RCOM.

Is RCOM a Dead Company now?

RCom is a dead company now. Remember Kingfisher Airlines. RCom has come in that sort of league. It would continue to accumulate losses and it has not that many asset to monetize. Had the deal with Jio gone through, they would have come out of woods. Now it doesn’t look like there is any realistic plan of revival existing at present.

What is the current level of RCOM in India?

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Some information about RCom for better understanding is as follows: It was INR 844 in 2008, it’s at 22 in 2018. Please have a look at the wealth destruction it has caused in 10 years. In recent past it started moving up from 11 in Dec 2017, and in 8 to 10 trading sessions it touched 40.