Introduction
Leading telecom firm has disclosed receiving letters from a major bank classifying its and its subsidiary’s loan accounts as ‘Fraud’, also naming former directors and key individuals in the communication.
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Share price movement of Reliance Communications
On August 25, 2025, Reliance Communications Ltd opened at ₹1.77, down 4.32% from its previous close of ₹1.85. The stock touched a high of ₹1.80 and a low of ₹1.76. By 10:30 AM, it traded at ₹1.76, a 4.86% decline, with a market cap of ₹486.73 crore.
Bank of India Labels RCom, RTL Loans Fraud
Reliance Communications Limited disclosed receiving a letter from Bank of India stating that its loan accounts have been classified as ‘Fraud’. The classification also includes promoter Anil Dhirajlal Ambani and former director Manjari Ashok Kacker.
Reliance Telecom Limited, a subsidiary of the company, received a similar letter from Bank of India. The bank classified RTL’s loan accounts and identified individuals, including Grace Thomas, as ‘Fraud’. The letters were dated August 8, 2025.
Recent news on Reliance Communications
As of July 02, 2025, Reliance Communications Ltd announced that State Bank of India classified its loan account as ‘fraud’ and reported former director Anil Ambani’s name to the Reserve Bank of India.
Stock performance of Reliance Communications for Period of 1 week, 6 months, and 1 year
Reliance Communications Ltd delivered a 7.69% return over the past week, gained 4.00% in the past six months, but declined 25.7% over the past year.
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Shareholding pattern of Reliance Communications
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 |
| Promoter | 0.80% | 0.80% | 1.90% |
| FII | 0.10% | 0.10% | 0.10% |
| DII | 4.40% | 4.40% | 4.40% |
| Public | 94% | 94.00% | 93% |
| Others | 0.80% | 0.80% | 0.80% |
About Reliance Communications
Reliance Communications Ltd (NSE: RCOM) is a telecom company operating IP-enabled connectivity infrastructure, including fibre optic systems. It offers data center and national long-distance services through subsidiaries like Globalcom IDC Limited and Reliance Infratel Limited.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
A: Reliance Communications Ltd shares declined after Bank of India classified its and its subsidiary’s loan accounts as ‘Fraud’.
A: Reliance Communications Ltd provides telecom services, including IP-enabled connectivity, fibre optic infrastructure, data center, and national long-distance services.
A: Reliance Communications Ltd has a market capitalization of approximately ₹486.73 crore as of August 25, 2025.
