Today, the shares of Reliance Communications are seeing a boom. Bank of Baroda has declared the company and its promoter Anil Ambani as ‘fraud’. There was heavy purchases in stock among investors, while Adag has a mix movement in other shares.
Romm share rain: On Friday, September 5, 2025, Reliance Communications (RComm) shares saw a rise of more than 3% during intraday trading. This boom has come when the government bank BOB i.e. Bank of Baroda has declared the company’s loan account and its promoter and director Anil Ambani as ‘fraud’. Let’s know how much the company’s share cost is still and so far updates …
RComm Share: Why shares are boom
Reliance Communications shares, who traded below Rs 2 in the form of Penny Stock, jumped up to Rs 1.43 on the NSE in the morning, which is about 3.62% from the previous closing price of Rs 1.38. Till 11 pm, the stocks rose by 1.45% to trade at Rs 1.40. Till about 10 am, 11 lakh bio -order and 4 lakh cell orders were registered for RComm shares on NSE, making it clear that investors are eyeing this stock.
Bank of Baroda action on Anil Ambani
Bank of Baroda sent a letter of ‘fraud’ to the company and Anil Ambani’s loan account by sending a letter on 2 September 2025. On behalf of the company, it was reported on the exchange that ‘from June 28, 2019, the company’s business, assets and board’s power resolution professional, Aneesh Niranjan Nanavati has been handed over to Aneesh Niranjan Nanavati and Anil Ambani is no longer a director.’ RComm said that legal advice is being taken on the steps ahead of this development.
Stir in shares even after bankruptcy
Reliance Communications Corporate Insalvansi Resolution Process (CIRP) is being managed under IBC 2016. Earlier SBI and Bank of India also declared RComm’s loan account as Fraudulent, including Anil Ambani’s name. This time too, the stocks showed the rally shocked to investors.
How is other shares of Adag Group?
Reliance infrastructure share: The trading fell down to Rs 281, down 2% down from the previous close.
Reliance Power Share: Recover from a low of Rs 45.55 after dawn weakness, about 0.5% in trading.
Disclaimer: This article has been written only for the purpose of giving information. Investment in the stock market always comes with risk. Before investing, consult the financial advisor.
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