The shares of Anil Ambani-led Reliance Communications fell by 20% to an all-time low on Monday, after it reported a $150 million fourth-quarter loss and worries about its massive debt load resurfaced. The company posted its second straight loss, dragged down by a price war following Reliance Jio's entry. The company has also reportedly delayed repayment of loans to over 10 banks.
By Varun Vasudevan | May 29, 2017 4:45 PM #Anil Ambani #Reliance Communications
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