Reliance Infrastructure is currently trading at Rs. 496.75, up by 30.95 points or 6.64% from its previous closing of Rs. 466.15 on the BSE.
The scrip opened at Rs. 466.20 and has touched a high and low of Rs. 498.00 and Rs. 457.30 respectively. So far 781051 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 630.00 on 12-May-2017 and a 52 week low of Rs. 390.60 on 15-Nov-2017.
Last one week high and low of the scrip stood at Rs. 498.00 and Rs. 427.00 respectively. The current market cap of the company is Rs. 12886.51 crore.
The promoters holding in the company stood at 49.74%, while Institutions and Non-Institutions held 37.07% and 13.19% respectively.
Reliance Infrastructure (RInfra) has signed Definitive Binding Agreement with Adani Transmission (ATL) for 100% stake sale of its Mumbai Power Business which includes integrated business of generation, transmission and distribution of power for Mumbai. Total Deal value is at Rs 13,251 crore. This comprises of business valued at Rs 12,101 crore and regulatory assets approved so far of Rs 1,150 crore.
In addition, regulatory assets under approval estimated at Rs 5,000 crore and net working capital on closing estimated at Rs 550 crore will flow directly to RInfra. Total consideration value is estimated at Rs 18,800 crore. RInfra will utilize the proceeds of this transformative transaction entirely to reduce its debt, becoming debt free and up to Rs 3,000 crore cash surplus. This is the largest ever debt reducing exercise by any Corporate. This monetization is a major step in RInfra’s deleveraging strategy for future growth.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.
| Company Name | CMP |
|---|---|
| NTPC | 351.60 |
| Tata Power | 394.85 |
| Power Grid Corp | 287.25 |
| Adani Power | 220.55 |
| Torrent Power | 1399.55 |
| View more.. | |
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