Foreign institutional investors (FIIs) have bought nearly 1% stake in Anil Ambani Group telecom company Reliance Communications (RCom) for about Rs 87 crore through open market. On May 31, 2016, Integrated Core Strategies (Asia) Pte. purchased 18.48 million equity shares representing 0.74% of total equity of RCom at Rs 46.96 per share via bulk deal.
Reliance Communications is engaged in providing information and communications services. It provides telecom services for mobile and fixed line telephony. It offers code division multiple access (CDMA), global system for mobile (GSM), and 3G wireless services, wireline, voice, data, video, internet services.
