Reliance Infrastructure (RInfra) is currently trading at Rs. 425.50, up by 2.00 points or 0.47 % from its previous closing of Rs. 423.50 on the BSE.
The scrip opened at Rs. 423.00 and has touched a high and low of Rs. 430.80 and Rs. 421.90 respectively. So far 219680 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. 448.00 and Rs. 401.40 respectively. The current market cap of the company is Rs. 11183.65 crore.
The promoters holding in the company stood at 48.36% while Institutions and Non-Institutions held 35.47% and 13.05% respectively.
Reliance Infrastructure has inked a Share Purchase Agreement (SPA) with Birla Corporation, the flagship Company of the M P Birla Group in relation to 100% sale of its subsidiary Reliance Cement Company (RCCPL). SBI Capital Markets acted as the financial advisors to RInfra for this transaction.
Under this transaction, Birla Corporation will acquire the 100% shareholding of RInfra in RCCPL. The transaction is subject to approval of the Competition Commission of India (CCIL) and other applicable regulatory approvals.
RCCPL has an integrated cement capacity of 5.08 Mtpa at Maihar, Madhya Pradesh and Kundanganj, Uttar Pradesh and a grinding unit of 0.5 Mtpa at Butibori, Maharashtra.
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