New Delhi, Jan 24: Shares of Reliance Communications on Thursday declined by as much as 6 per cent on Thursday, before paring some of the losses to trade at 3 per cent down. The fall is attributed to a 44 per cent fall in consolidated net profit for the October-December quarter.
Earlier on Wednesday Reliance Communications had reported 43.5 per cent decline in consolidated net profit at Rs 105 crore due to refinancing of debt during the third quarter ended December 31, 2012.
