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RCOM shares zoom as company announces massive debt reduction (Lead)

Published

7 years ago

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Mumbai, Dec 26 (IANS) Shares of Reliance Communications (RCOM) zoomed after Reliance Group’s Chairman Anil Ambani on Tuesday announced plan to reduce the company’s debt by Rs 25,000 crore to Rs 6,000 crore — closing almost 30 per cent higher at Rs 21.33.

Around 3.15 p.m., RCOM’s stocks augmented by 36.05 per cent to trade at Rs 22.19 per share on the BSE. At one point it had risen by over 41 per cent.

Addressing a press conference, Anil Ambani said the company has achieved full resolution of RCOM’s debt restructuring.

RCom had close to Rs 45,000 crore debt on its books in October 2017, Ambani said.

Ambani said the company would close all the transactions by January-March 2018. In a press conference, Ambani said the debt would be recast by remonetisation with zero write-off to lenders and bankers.

It would monetising the assets of its wireless business. He said that some foreign players had shown interest in buying equity in the company, but no part of the debt would be converted into equity.

The stock of RCOM has been on the rise since last week after there were rumours that Mukesh Ambani would be buying the assets of Anil Ambani’s RCOM. Shares of RCOM have surged almost 65% in three days.

–IANS
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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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