Reliance Communications (RCOM) is currently trading at Rs. 89.25, up by 2.80 points or 3.24% from its previous closing of Rs. 86.45 on the BSE.
The scrip opened at Rs. 87.00 and has touched a high and low of Rs. 91.30 and Rs. 86.65 respectively. So far 1689540 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 136.95 on 25-Jan-2011 and a 52 week low of Rs. 61.00 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 91.30 and Rs. 80.00 respectively. The current market cap of the company is Rs. 18576.24 crore.
The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 16.91% and 14.65% respectively.
RCOM has tied up refinancing for maturity value of its outstanding foreign currency convertible bonds (FCCBs) worth $1,182 million or around Rs 6,125 crore. The refinancing is being funded by Industrial and Commercial Bank of China (ICBC), China Development Bank Corporation (CDB) and Export Import Bank of China (EXIM) and other banks.
RCOM will benefit from extended loan maturity of 7 years and attractive interest cost of about 5%. The loan proceeds would be used for refinancing the entire redemption amount of FCCB, which are due for redemption on March 01, 2012. This is the largest refinancing in the history of FCCBs by any Indian Corporate.
Reliance Communications is India's foremost and truly integrated telecommunications service provider. The company has established a pan-India, next generation, integrated (wireless and wireline),convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1718.30 |
| Vodafone Idea | 7.34 |
| Indus Towers | 348.75 |
| Tata Communications | 1613.10 |
| Bharti Hexacom Ltd. | 1391.50 |
| View more.. | |
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