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Business News

Nov 16, 2019
7:09PM

Chairman Anil Ambani, four directors resign from Reliance Communications

rcom.co.in
Reliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through the insolvency process.

According to a regulatory filing, Manikantan V, the chief financial officer of the debt-ridden company has also resigned.

The development comes a day after RCom posted a consolidated loss of Rs 30,142 crore for July-September 2019 due to provisioning for liabilities after the Supreme Court ruling on statutory dues.

This was the second-highest loss posted by any Indian corporate till date.
 

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