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In a bid to reduce debt, Reliance Communications (RCom) is planning to raise Rs 4,300 crore by offloading stake to promoters and institutional investors. Of the total, the company will raise about Rs 3,000 crore through a stake sale to institutions.

The company has priced the QIP at Rs 142.13 a share, while the stake sale to promoters is priced at Rs 150 a share. However, the promoters’ stake in the company would remain the same. The number of shares to be offloaded would depend on the subscription to the issue, but it would be to the tune of about 1 per cent of the total shares.

In this regard, the company has appointed the services of Edelweiss Financial Services and Axis Bank to manage the QIP. The promoters would make an upfront payment of 50 per cent of the total Rs 1,300 crore and the remaining 50 per cent by the end of the current financial year.

SEBI regulations state that the promoters have to make 25 per cent of the total as upfront payment and the remaining 75 per cent in the next 18 months.

Reliance Comm Share Price

1.05 0.01 (0.96%)
17-Apr-2026 16:59 View Price Chart
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