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RCom surges on receiving RBI approval for refinancing

17 Feb 2012 Evaluate

Reliance Communications (RCom) is currently trading at Rs. 106.10, up by 2.90 points or 2.81% from its previous closing of Rs. 103.20 on the BSE.

The scrip opened at Rs. 106.65 and has touched a high and low of Rs. 107.70 and Rs. 104.80 respectively. So far 3534066 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 113.85 on 05-Apr-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. 107.70 and Rs. 90.70 respectively. The current market cap of the company is Rs. 22033.49 crore.

The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 17.25% and 14.51% respectively.  

RCom has received RBI approval for the refinancing being provided by Industrial and Commercial Bank of China (ICBC), China Development Bank Corporation (CDB) and Export Import Bank of China (EXIM) for redemption of its outstanding foreign currency convertible bonds (FCCBs).

The outstanding FCCBs of $1,182 million approximately Rs 5,825 crore will be redeemed on the due date of March 01, 2012. RCOM will benefit from extended loan maturity of 7 years and attractive interest cost of about 6%.

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.

Reliance Comm Share Price

1.01 -0.04 (-3.81%)
20-Apr-2026 16:59 View Price Chart
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