RCom Trading Suspended - Upstox (2024)

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RCom Trading Suspended - Upstox (2024)

FAQs

Why is RCom share not showing in Upstox? ›

As part of the Insolvency Resolution Process of Reliance Communications (RCom), its existing shares have been suspended from trading.

What will happen to RCom shareholders after insolvency? ›

In case of a corporate bankruptcy by RCom, a shareholder in the company would get a residual claim on the assets. Therefore, as a shareholder in RCom, one would receive the value of the residual assets, once the liabilities are settled, proportionate to one's shareholding.

Is RCom still working? ›

Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai, Maharashtra that offered voice and 2G and 3G and 4G data services. In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt.

Why is RCom not showing in my portfolio? ›

Due to this corporate action, kindly note the following impact: -Trading in RCom shares has been suspended. -You will not be able to buy/sell more shares of RCom. -You will not be able to see existing shares of RCom under 'Holdings' on Upstox.

Why my shares are not showing in Upstox? ›

The shares which are no longer available for trading are shown under 'Suspended Holdings'. These shares are delisted or suspended for trading due to non-compliance issues. Hence, they are not visible under your portfolio. They will become available only if it is listed back on the Exchange.

How do I sell suspended shares? ›

How to get rid of blocked/suspended shares? Since the blocked/suspended shares cannot be sold on the open market (stock exchanges) the only way out is to transfer them to somebody else. However, in case the shares were blocked/suspended by depositories, then transferring them to somebody else is not an option.

Is there any hope for RCOM? ›

It depends on who is buying the Rcom and not it's subsidiary! Spectrums of Rcom (which is among the biggest assets of the company and the only hope for Lenders to recover some money is on the verge of cancellation due to AGR non-payments). Even lenders are finding it difficult to recover money from Rcom.

What will happen to Reliance Capital shareholders? ›

The liquidation value of the equity shareholders of RCL is nil, and hence, equity shareholders will not be entitled to receive any payment, and no offer will be made to any shareholder of RCL."

What happens when a company cancels shares? ›

The moment a company declares a cancellation of shares, all issued share certificates become null and void with immediate effect. This creates a deep impact on the financial assets of all stakeholders. Thus such a decision cannot be ad-hoc.

Is Anil Ambani still rich? ›

In February 2020, Anil Ambani was locked in a legal battle with 3 Chinese banks. He was asked to set aside US$100 million by the court which led him to make the statement that his net worth is currently zero after considering his liabilities.

Can I invest in Reliance Communications? ›

You can buy Reliance Communications Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Reliance Communications Ltd Share.

Who is the owner of RCOM? ›

Reliance Communications Limited is the flagship Company of Reliance Anil Dhirubhai Ambani Group India's third largest business house with around 1.2 billion subscribers.

What happens to my RCom shares? ›

Answer and Explanation: In case of a corporate bankruptcy by RCom, a shareholder in the company would get a residual claim on the assets. Therefore, as a shareholder in RCom, one would receive the value of the residual assets, once the liabilities are settled, proportionate to one's shareholding.

What if Upstox shuts down? ›

What if Upstox shuts down? Most of the traders have the fear that what will happen to their money/shares if their broker shuts down. Well, the answer is generic for all stockbrokers and not Upstox alone. If SEBI shuts down your broker due to some crisis, your shares remain with the depositories and are safe.

How to sell delisted shares? ›

The corporation must honour the delisting price. If the firm has been delisted for more than a year, the shareholder might approach the company and negotiate a private sale of the shares to the promoters. This will be an off-market transaction, with the price agreed upon by the seller and buyer.

Why is my share not showing in Demat allocation? ›

The shares will come into your demat account at the time of settlement. Hence you can expect the shares to come into your Demat account on Pay-Out of securities (i.e. T+3). In case you do not receive the shares, it may be due to the stock being in 'No Delivery' period .

Why are my shares not showing? ›

Although you may have ordered a specific number of shares, those shares might not be immediately available in the market. The transfer will be completed once the seller makes the shares accessible. This situation is more common with large-cap stocks or firms with high trading volumes.

Why are the split shares not visible in my holdings? ›

Stocks that undergo a split can take up to 2 working days from the record date to be credited to your demat account. The shares will not be visible in your account during this period.

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