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Reliance Communications LimitedOthers, 31-03-2025: Action(s) taken or orders passed

31-03-2025 · 05:18 pm

Reliance Communications has informed that its foreign step-down subsidiaries, Anupam Global Soft (U) Limited in Uganda and Lagerwood Investments Limited in Cyprus, have been struck off and dissolved, respectively. This action results from routine compliance checks and is not expected to impact the company’s standalone operations or financials. However, on a consolidated basis, there is a net loss of ₹49 crore attributable to these subsidiaries. The company is currently assessing the implications of this development. Investors may see this as a neutral impact but should remain aware of ongoing evaluations regarding the subsidiaries' closure and its effects on overall strategy.

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