Reliance Communications (RCom) is currently trading at Rs. 156.40, up by 2.90 points or 1.89% from its previous closing of Rs. 153.50 on the BSE.
The scrip opened at Rs. 154.75 and has touched a high and low of Rs. 156.90 and Rs. 150.40 respectively. So far 2122687 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 164.45 on 20-Sep-2013 and a 52 week low of Rs. 100.85 on 11-Jun-2013.
Last one week high and low of the scrip stood at Rs. 156.90 and Rs. 138.55 respectively. The current market cap of the company is Rs. 32033.70 crore.
The promoters holding in the company stood at 67.80% while Institutions and Non-Institutions held 20.82% and 11.11% respectively.
Reliance Communications, India's fully integrated telecommunications service provider, reportedly is considering raising about $300 million through an institutional share sale, to cut down its debt. The company will probably start the sale in the next two months.
The company’s net debt has doubled to Rs 402 billion in the four years through March 31, 2014. Meanwhile, the company back in August 2013 received shareholder approval to sell new shares equivalent to 25 percent of its capital.
Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
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