Chairman Anil Ambani, four directors resign from Reliance Communications

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Reliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through the insolvency process.

According to a regulatory filing, Manikantan V, the chief financial officer of the debt-ridden company has also resigned.

The development comes a day after RCom 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.

This was the second-highest loss posted by any Indian corporate till date. (AIR)

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