Reliance Communications shares down 14% after company reports September-quarter loss

Reliance Communications Ltd shares fell more than 9 percent in early trade on Monday after the company reported a loss in the September quarter.

Shares in the company were trading at 12.80 rupees by 0359 GMT, down 9.3 percent. It dropped to a low of 12.75 earlier in the session.

Reliance Communications reported a loss after tax of 27.09 billion rupees ($414.76 million) in the July-September quarter versus a profit of 620 million rupees in the same period a year ago.

#RCom stock falls 10% amid differences with lenders. pic.twitter.com/LvpsQ4WuVj

— Zee Business (@ZeeBusiness) November 13, 2017

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