Published on 17/09/2018 10:48:15 AM | Source: Dion Global Solutions Ltd

RCOM slips over 2% in early trade

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Shares of Reliance Communications fell over 2 per cent in the early trade on Bombay Stock Exchange after Moody's Investors Service placed the ratings on Anil Ambani group's GCX on review for a downgrade citing troubles at its parent Reliance Communications which is bankrupt now, PTI reported. Weighed down by the development, shares of the company declined as much as 2.14 per cent in early trade to Rs 16.00 apiece on the Bombay Stock Exchange.

In a similar trend, stocks of the firm were trading at Rs 16.05 apiece, down 1.83 per cent, on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 37,825.77, down 264.87 points, or 0.70 per cent, from previous close on the BSE at 9:20 hours.