Reliance Communication (RCOM), India's largest integrated telecom service provider, has made payment of $1182 million to make the largest ever redemption of all the outstanding Foreign Currency Convertible Bonds (FCCBs) from the $1000 million issued in February 2007 and due on March 1, 2012.
The company has made payment to the principal Agent of FCCB - Deutsche Bank Ag, London Branch. Further, the redemption amount is inclusive of the premium of 27.69%. However, post the redemption of these FCCBs, the paid up capital of the company remains unchanged. Accordingly, Reliance Communication will not be required to allot 6.17 crore equity shares of Rs 5 each arising out of potential conversion of said FCCBs.
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.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1921.10 |
| Vodafone Idea | 14.20 |
| Indus Towers | 406.00 |
| Tata Communications | 1856.05 |
| Bharti Hexacom | 1606.25 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
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.
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.
MoneyWorks4Me ensures this through: