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Reliance Infrastructure trades higher on BSE

30 Nov 2015 Evaluate

Reliance Infrastructure is currently trading at Rs. 447.80, up by 15.60 points or 3.61% from its previous closing of Rs. 432.20 on the BSE.

The scrip opened at Rs. 431.50 and has touched a high and low of Rs. 448.20 and Rs. 427.50 respectively. So far 276643 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 616.70 on 28-Nov-2014 and a 52 week low of Rs. 282.20 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 448.20 and Rs. 413.10 respectively. The current market cap of the company is Rs. 11466.36 crore.

The promoters holding in the company stood at 48.53% while Institutions and Non-Institutions held 35.60% and 13.09% respectively.

Reliance Infrastructure has received all requisite approvals including the approval of the Competition Commission of India (CCI) and the Gujarat Maritime Board (GMB) for the acquisition together with management control of Pipavav Defence and Offshore Engineering Company (Pipavav Defence). 

Reliance Infrastructure, together with its wholly owned subsidiary Reliance Defence Systems is accordingly proceeding to complete the acquisition of Pipavav Defence. The mandatory open offer to acquire up to 26% shares from the public shareholders of the Company, at a price of Rs. 66 per share, in terms of applicable SEBI Takeover Regulations shall open on December 02, 2015 and shall close on December15, 2015.

As per the agreement with the Promoters of Pipavav Defence, Reliance will acquire from them 130,000,000 equity shares representing approx. 18% shareholding in the Company at a price of Rs 63 per share, aggregating Rs 819 crore. Reliance will also acquire from the Promoters of Pipavav Defence such number of additional equity shares of the Company, at the same price of Rs. 63 per share, as is required to ensure that Reliance’s shareholding is not less than 25.10% of the Target Company, after taking into account the acquisitions made under the Open Offer.

Reliance Infrastructure is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.

Reliance Infra Share Price

87.48 0.00 (0.00%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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