RCom had announced signing of the binding agreement with Brookfield in December 2016 and sources said it has got almost all approvals for the said transaction, including that from the Competition Commission of India (CCI), Security and Exchange Board of India (Sebi), National Stock Exchange (NSE), BSE, corporate registration and shareholders.

The stock went down by 3.10 per cent to close at Rs 18.75 on BSE. During the day, it declined by 3.61 per cent to Rs 18.65.

The stock hit an intraday low of Rs 19, down 4.2% on the BSE.

The company's chairman, billionaire Anil Ambani, said on Friday it will receive a "standstill" on debt servicing obligations until December as it works on two deals that it expects will reduce its debt by 250 billion rupees ($3.9 billion), or 60 per cent of its $7 billion debt.

A briefing would mark a rare appearance by Ambani, 57, reflecting the difficulties facing Reliance Communications, widely known as RCom, India's seventh-ranked telecoms carrier by customers. Ambani has a net worth of $2.7 billion, according to Forbes.

Allaying concerns, the Anil Ambani-led Reliance Group company today said that it has told lenders that it would repay Rs 25,000 crore before September 30 this year post completion of its three different deals.

Shares of RCom dropped as much as 24 per cent to hit an intra-day low of Rs 19.7. It recovered marginally to end at Rs 20.5, down Rs 5.3 or 20.5 per cent on the BSE.

Reliance Communications on Saturday reported loss of Rs948 crore for the fourth quarter, hurt by intense price war unleashed by newcomer Jio. It had registered net profit of Rs79 crore in the corresponding period of the previous year.

Besides these seven stocks, Coal India, Inox Wind, KPIT Technologies, Majesco, Reliance Communications (RCom), TV Today Network and Videocon Industries, total 14 stocks from the index trading at their 52-week lows on BSE.

Bharti Airtel, however, denied the allegation.

"We bring to your attention that the scheme of merger, as announced by Airtel to its shareholders and media, indicates flagrant misuse of provisions of merger and acquisition guidelines dated January 20, 2014 with an intention to cause loss of revenue to the government exchequer," stated the Jio letter, a copy of which is available with IANS.