RCom shares extend losses, crack 5%

NEW DELHI: Falling for the second straight day, shares of Reliance Communications cracked 5 per cent in morning trade on Tuesday.

The Department of Telecom is scrutinising the spectrum-sharing deal between Reliance Communications (RCom) and Reliance Jio Infocomm after the Anil Ambani company defaulted on a payment of Rs 21 crore towards instalment for spectrum in the Mumbai circle earlier this month.