RCom rings loud on getting nod for listing over Singapore’s bourses

13 Jun 2012 Evaluate

Reliance Communications is currently trading at Rs 68.85, up by 2.00 points or 2.99% from its previous closing of Rs 66.85 on the BSE.

The scrip opened at Rs 67.40 and has touched a high and low of Rs 69.20 and Rs 67.05 respectively. So far 637264 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 109.70 on 22-Feb-2012 and a 52 week low of Rs. 61.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 69.20 and Rs 64.25 respectively. The current market cap of the company is Rs 13798.02 crore.

The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 16.72% and 15.04% respectively.

Reliance Communications, India's largest integrated telecom service provider, has received an approval whereby the Singapore Exchange Securities on June 12, 2012, has granted an ‘eligibility to list’ to the business trust of the company, subject to the requisite conditions being satisfied.

Earlier, on April 10, 2012, Reliance Communications was evaluating a potential initial public offering (IPO) and listing in Singapore, of its subsea telecommunications infrastructure network business, through a Singapore business unit.

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The company has established a pan-India, next generation, integrated (wireless and wireline),convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages.

Reliance Comm Share Price

1.67 -0.03 (-1.76%)
18-May-2024 12:50 View Price Chart
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