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RCom advances on entering into exclusive discussions with AFK Sistema on potential merger

16 Jun 2015 Evaluate

Reliance Communications is currently trading at Rs. 59.40, up by 0.55 points or 0.93% from its previous closing of Rs. 58.85 on the BSE.

The scrip opened at Rs. 59.90 and has touched a high and low of Rs. 60.60 and Rs. 59.25 respectively. So far 496387 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 154.50 on 24-Jun-2014 and a 52 week low of Rs. 54.50 on 03-Jun-2015.

Last one week high and low of the scrip stood at Rs. 60.85 and Rs. 56.55 respectively. The current market cap of the company is Rs. 14647.65 crore.

The promoters holding in the company stood at 59.70% while Institutions and Non-Institutions held 29.57% and 10.51% respectively.

Reliance Communications (RCom) and AFK Sistema have entered into exclusive discussions on a potential merger between the Indian telecom business of Sistema Shyam TeleServices (SSTL) and RCOM through a stock swap. The discussions are indicative and non-binding in nature, and remain subject to due diligence, definitive documentation and approvals, as may be necessary.

RCom 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.


Reliance Comm Share Price

1.05 0.00 (0.00%)
20-Apr-2026 09:43 View Price Chart
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