Anil Ambani resigns as director of RCom

Anil Ambani has resigned as director of Reliance Communications (RCom), the debt-ridden company said in a filing on Saturday. RCom, which is currently going through insolvency process, has 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.

from Times of India https://ift.tt/2NRTKut