Reliance Infrastructure is currently trading at Rs. 483.75, up by 12.75 points or 2.71% from its previous closing of Rs. 471.00 on the BSE.
The scrip opened at Rs. 480.00 and has touched a high and low of Rs. 486.80 and Rs. 461.50 respectively. So far 7,70,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 622.05 on 05-Jan-2016 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. 582.90 and Rs. 461.50 respectively. The current market cap of the company is Rs. 12,781.00 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 (RInfra) has taken over the management and control of Pipavav Defence & Offshore Engineering Company (PDOC) and will hold 36.5% of the equity capital of Pipavav Defence & Offshore Engineering Company. RInfra along with defence SPVs are the new promoters of PDOC and the company will be renamed as Reliance Defence and Engineering.
This is the largest acquisition in the defence sector in India and PDOC is uniquely placed to tap growth opportunities in the defence industry under ‘Make in India’ Programme.
PDOC is participating in various programmes in the field of new ship-building and Maintenance, Repair and Overhaul (MRO) which are in various stages of RFP/ RFI of worth more than Rs 1,80,000 crore.
