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The shrinking towers of Reliance Communications

Valuation of RCom’s tower assets, which could take the telco out of troubled waters, has dipped to a tenth from INR50,000 crore in 2010.
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nsundareshasubramanian
11 Jun 2018 11 Mins Read 1 comments
Anil Ambani at the Standard Chartered Mumbai Marathon 2015; Kalpak Pathak/Hindustan Times via Getty Images Getty Images
Anil Ambani at the Standard Chartered Mumbai Marathon 2015; Kalpak Pathak/Hindustan Times via Getty Images
Anil Ambani is a marathoner and a hard negotiator. In the past, he often turned down deals that did not fit his valuation expectations. But the last few years have been difficult for him. His negotiating skills and stamina have been put to test. At the National Company Law Appellate Tribunal (NCLAT) last week, his company Reliance Communications
RCom shares first dipped below the INR15 levels in November 2017. They shot up to INR35 levels following the announcement of a deal with Jio. But subsequent litigation with lenders and minority investors have brought the stock back to earth. On the sixth anniversary of the publication of the 'House of Cards' report, RCom shares closed at INR15.8 apiece.
Anil Ambani is a marathoner and a hard negotiator. In the past, he often turned down deals that did not fit his valuation expectations. But the last few years have been difficult for him. His negotiating skills and stamina have been put to test. At the National Company Law Appellate Tribunal (NCLAT) last week, his company Reliance Communications RCom shares first dipped below the INR15 levels in November 2017. They shot up to INR35 levels following the announcement of a deal with Jio. But subsequent litigation with lenders and minority investors have brought the stock back to earth. On the sixth anniversary of the publication of the 'House of Cards' report, RCom shares closed at INR15.8 apiece.

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CONTRIBUTORS WHO HAVE COMMENTED ON THIS STORY

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user Madhav Samant NAP Financial Wellness LLP, Managing Partner

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user MRINAL MOHANTI United Bank of India

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