Reliance Infrastructure is currently trading at Rs. 463.00, up by 4.80 points or 1.05% from its previous closing of Rs. 458.20 on the BSE.
The scrip opened at Rs. 461.90 and has touched a high and low of Rs. 465.35 and Rs. 454.50 respectively. So far 104471 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 635.35 on 09-Sep-2016 and a 52 week low of Rs. 387.45 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 489.65 and Rs. 435.30 respectively. The current market cap of the company is Rs. 12190.90 crore.
The promoters holding in the company stood at 49.69%, while institutions and non-institutions held 37.81% and 12.51% respectively.
In a bid to pare debt, Reliance Infrastructure is planning to raise Rs 5,000 crore through Infrastructure Investment Trust (InvITs) in the fourth quarter of 2016-17. The company has already registered the trust with capital market regulator Securities and Exchange Board of India (SEBI) and will soon file a prospectus for approval.
Reliance Infrastructure’s trust will own 10 road projects, and the company is keen to add another road project if SEBI allows.
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.
