Reliance Communications Ltd

📰 RCOM's Cyprus Subsidiary Officially Dissolved

• Reliance Communications' foreign step-down subsidiary, Reliance Telecom Infrastructure (Cyprus) Holdings Limited, has been dissolved by the Department of Registrar of Companies, Cyprus.

• The dissolution was discovered during a routine compliance review via the official Cyprus government website, changing the subsidiary's status from 'Active' to 'Dissolved'.

• RCOM is currently examining the implications of this dissolution and evaluating any necessary actions, with no reported violations or contraventions.

• The company stated there is no material impact on its financials or operations from this event.

• RCOM has been under a corporate insolvency resolution process since June 28, 2019, managed by Resolution Professional Mr. Anish Niranjan Nanavaty.