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RCom continues to trade jubilantly on the bourses

28 Dec 2017 Evaluate

Reliance Communications (RCom) is currently trading at Rs. 33.33, up by 4.59 points or 15.97% from its previous closing of Rs. 28.74 on the BSE.

The scrip opened at Rs. 30.70 and has touched a high and low of Rs. 33.83 and Rs. 29.25 respectively. So far 54667068 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 41.00 on 06-Apr-2017 and a 52 week low of Rs. 9.60 on 15-Nov-2017.

Last one week high and low of the scrip stood at Rs. 33.83 and Rs. 15.70 respectively. The current market cap of the company is Rs. 9242.41 crore.

The promoters holding in the company stood at 59.00%, while institutions and non-institutions held 19.93% and 21.07% respectively.

RCom has announced its exit from RBI’s SDR framework, with zero equity conversion and zero loan write-offs for lenders and bond holders. Upon completion of all transactions as announced, the balance debt in RCom is expected to be Rs 6,000 crore only, representing reduction of over 85% of total debt. The company has worked closely with all Lenders and SBI Capital Markets, the advisors appointed by the Lenders, to run a competitive process in a transparent manner to monetize its valuable assets.

The monetization process is being carried out under the oversight of an independent high powered Bid Evaluation Committee, comprising of eminent experts from banking, telecom and law. The monetization of assets has elicited very strong response both from India and abroad.

RCom is India’s foremost and truly integrated telecommunications service provider.

Reliance Comm Share Price

1.05 0.01 (0.96%)
17-Apr-2026 16:59 View Price Chart
Peers
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