Anil Ambani resigns as RCom director

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Mumbai November 16, 2019 Saturday

Anil Ambani has resigned as the director of Reliance Communications, the debt-ridden firm, the company informed the stock market on Saturday. Have given.

According to PTI, the second quarter results of Reliance Communication were released on Friday.

The company, which was in the process of bankruptcy, posted a net profit of Rs 1,141 crore in the same quarter of the first financial year. The company's revenue fell to Rs 302 crore, compared to Rs 977 crore in the previous financial year. Have money

Recently, RCom owner Anil Ambani sued three major banks in China for not paying $ 680 million (Rs 47,600 crore) in a London court. The three banks are Industrial and Commercial Bank of China, China Development Bank, and Export-Import Bank of China. General Chat Chat Lounge

According to a Bloomberg report, the banks claim that Reliance Communications (RCOM) was financed by Anil Ambani's personal guarantee of $ 92.52 million (about Rs 65 crore) in 2012. The loan was unsuccessful.

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