SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Reliance Communications informs about updation on Reliance Infratel Stake Sale

17 Aug 2015 Evaluate

With reference to the earlier letters dated May 06, 2015, May 20, 2015 & June 29, 2015, Reliance Communications has now informed that the formal process for sale of a controlling 51% stake in Reliance Infratel was launched a few weeks back, and got a very positive response. The Company has received indicative non-binding bids from a number of interested buyers, and has short-listed a smaller number of very credible interested parties to progress to the next round of the process. Some of the short-listed bidders have expressed interest to acquire up to 100% of RCOMs stake in Reliance Infratel. The due diligence process has now commenced. Further announcements will be made, as and when appropriate. The sale proceeds from the proposed transaction are expected to substantially reduce RCOMs overall gross debt during the current financial year.

The above information is a part of company’s filings submitted to BSE.

Reliance Comm Share Price

1.03 -0.02 (-1.90%)
20-Apr-2026 12:56 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1853.00
Vodafone Idea 9.63
Indus Towers 406.40
Tata Communications 1512.70
Bharti Hexacom Ltd. 1550.65
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×