Reliance Group stock declines after fraud flag on loans
pre-market1 source ↓written by the desknot a recommendation
- to ₹1.05
- 2.7%
Reliance Communications shares fell 2.7% to ₹1.05 after the Central Bank of India flagged certain loan accounts of its subsidiary, Reliance Telecom, as fraudulent. The company is currently undergoing CIRP with a market cap of ₹293.15 cr. This news raises concerns about the financial stability of the group and may impact investor sentiment.
Not investment advice. For informational purposes only.