Friday, June 21

Tag: NCLAT

RCom Shares in Demand, Give 100% Return in 11 Days
Market

RCom Shares in Demand, Give 100% Return in 11 Days

Anil Dhirubhai Led company, Reliance Communications has witnessed a tremendous share jump with a nearly double the money returning in just 11 days. The surge in shares has come amidst NCLAT allowing RCom to proceed with the asset sale to Mukesh Ambani-controlled Reliance Jio Infocomm and Brookfield. Additionally, National Company Law Appellate Tribunal has also put a stay on the order of NCLT regarding insolvency of Reliance Communications, Reliance Infratel and Reliance Telecom. Speaking in terms of numbers, Rcom shares have jumped 100% to Rs 21 from a share price level of Rs 10.5 as on 16 May 2018. In a continuous stretch of last 11 days, heavy trading had been witnessed on the counters of RCom with about 50 to 80 crore equity shares being traded in a single day. Interestingly, ...
McDonalds Vs Bakshi: NCLAT To Study LCIA Award Before Further Action
News

McDonalds Vs Bakshi: NCLAT To Study LCIA Award Before Further Action

The National Company Law Appellate Tribunal (NCLAT) today said it will study the award of the London Court of International Arbitration (LCIA) that asked McDonalds estranged partner Vikram Bakshi to sell his stake in the JV firm CPRL to the US-based fast food chain last week. (more…)