Reliance Communications Reports Minimal Impact from Subsidiary Actions

Reliance Communications Ltd has announced that the striking off of Anupam Global Soft (Uganda) and the dissolution of Lagerwood Investments (Cyprus), both foreign subsidiaries, will have no impact on its operations. This development is part of routine compliance checks and does not affect the company's financial or operational activities.

 

In a separate financial update, Reliance Communications reported a consolidated net loss of ₹490 million. Despite these financial challenges, the company remains focused on its core business strategies, including asset monetization and debt reduction efforts.

 

The striking off and dissolution of these subsidiaries are procedural steps that do not alter Reliance Communications' ongoing business operations or strategic plans. The company continues to navigate the competitive telecom landscape with a focus on enterprise services and global subsea cable operations.

 

Source: Reliance Communications Ltd, NSE India