Reliance Communication – Execute your share now or never!
No point in holding reliance communication any more as the company has filed bankruptcy is a big set back to the shareholders. Definitely as an end shareholder you will end up with bones rather than keeping it for long. Reliance communication is a big setback on how to lose money quickly on choosing wrong investment decision.
What it communicates about Bankruptcy?
None of the banking or investors are not ready to fund the company to do debt restructure on Reliance communication. Debt restructure is a common service offered by banks to bring the business on track. Let’s say similar debt restructure happened with Jindal steel and power (JSPL) as banking sees some sign of improvement in production through capex where as Reliance communication unable to offer any potential prospect to the banking. So they know well the company is going collapse and what is the point on restructure the debts.