Reliance Communications is currently trading at Rs. 78.45, up by 0.50 points or 0.64% from its previous closing of Rs. 77.95 on the BSE.
The scrip opened at Rs. 79.70 and has touched a high and low of Rs. 80.15 and Rs. 77.65 respectively. So far 9,27,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 91.80 on 01-Jan-2016 and a 52 week low of Rs. 45.65 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 85.10 and Rs. 73.80 respectively. The current market cap of the company is Rs. 19,563.00 crore.
The promoters holding in the company stood at 59.70% while Institutions and Non-Institutions held 29.58% and 10.30% respectively.
Reliance Communications (RCom) has reportedly received an observation letter (approval to proceed) from the stock exchanges -- BSE and National Stock Exchange of India -- for its proposed takeover of Sistema JSFC’s India telecommunications business. Sistema JSFC’s is a publicly-traded diversified holding company in Russia and the CIS.
Earlier on November 2, 2015, the company had entered into an agreement to take over Sistema Shyam TeleServices (SSTL), which provides telecom services under the brand name, MTS.
Reliance Communications 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.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
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