Ericsson India files insolvency case against RCom
Ericsson India has filed an insolvency case against Anil Ambani-led Reliance Communications, according to reports. Following this, Reliance Communications shares fell nearly 5% on Wednesday. Ericsson India is an operational creditor of Reliance Communications and has been fighting to retrieve its dues. Earlier, Ericsson India had opposed the proposed merger of Reliance Communications with Aircel.