Reliance Communications is currently trading at Rs. 81.55, up by 0.50 points or 0.62% from its previous closing of Rs. 81.05 on the BSE.
The scrip opened at Rs. 82.30 and has touched a high and low of Rs. 82.30 and Rs. 78.90 respectively. So far 2725191 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 105.80 on 05-Dec-2014 and a 52 week low of Rs. 45.65 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 86.60 and Rs. 73.50 respectively. The current market cap of the company is Rs. 20285.18 crore.
The promoters holding in the company stood at 59.70% while Institutions and Non-Institutions held 29.58% and 10.30% respectively.
Reliance Communications (RCOM) has signed a non-binding Term Sheet with Tillman Global Holdings, LLC and TPG Asia (TPG) in relation to the proposed acquisition of RCOM’s nationwide tower assets and related infrastructure by Tillman and TPG.
Under the Term Sheet, the specified assets are intended to be transferred from Reliance Infratel (RITL) on a going concern basis into a separate SPV, to be owned 100% by Tillman and TPG. RCOM will continue as an anchor tenant on the tower assets, under a long term MSA, for its integrated telecommunications business. RCOM intends to utilize the proceeds of the proposed transaction only to reduce its debt. Tillman and TPG will also evaluate purchase of RCOM’s extensive nationwide inter-city and intra-city optic fibre assets, in a separate and independent transaction.
The parties have entered into an exclusivity agreement valid till January 15, 2016. The proposed Transaction is subject to final due diligence, definitive documentation, applicable regulatory and other approvals and certain other terms and conditions. Accordingly, there can be no certainty that a transaction will result. Further announcements will be made at an appropriate stage.
RCom is India’s foremost and truly integrated telecommunications service provider. The company ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1584.05 |
| Vodafone Idea | 8.41 |
| Indus Towers | 358.75 |
| Tata Communications | 1801.30 |
| Bharti Hexacom Ltd. | 1399.45 |
| View more.. | |
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