Anil Ambani's Reliance Communications (RCom) announced on Saturday, October 5, that its total financial indebtedness stands at Rs 40,413 crore, which includes both short-term and long-term debt, as of September 30.

The company further added in its filing that at present, the RCom is undergoing corporate insolvency resolution process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016. And the company's debts shall be settled in accordance with code provisions.

Anil Ambani-run Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm.

Anil Ambani’s Reliance Group said it’s partnered with Bhutan’s Druk Holding and Investments Ltd. to develop solar and hydro energy plants in the South Asian nation.

Who are these two men who helped Anil Ambani to to turn debt-strapped Reliance Power Into Rs 205260000000 Company

The market cap of Reliance Power reached Rs 21547 crore on October 3 as its share closed at Rs 53.64 with a nearly 5 per cent hike.

Reliance Power shares hit a 5 percent lower circuit amid market sell-off. The company on October 3 announced a Rs 4,200 crore Foreign Currency Convertible Bonds (FCCBs) issuance.

India's Reliance Power , part of Anil Ambani's Reliance Group, said on Monday that it plans to raise up to 15.25 billion rupees ($183 million) through a preferential allotment.

Reliance Power shares have soared 73 per cent in the past one month. The stock is up 124 per cent year-to-date and 186 per cent in the past one year.

Bad news for billionaire Mukesh Ambani's brother Anil Ambani as Reliance Power shares fell 5 percent and hit lower circuit amid market sell-off. On October 3 announced a Rs 4,200 crore Foreign Currency Convertible Bonds (FCCBs) issuance.

Reliance Power recently announced that it has cleared all its debt with banks and financial institutions, achieving zero debt as of June 30. Its net worth stands at Rs 11,155 crore on a consolidated basis.