SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

RCom fixes indicative range for $1 bn undersea cable unit’s Singapore IPO: Reports

09 Jul 2012 Evaluate

India's largest integrated telecom service provider, Reliance Communications (RCom), has fixed an indicative price range for the subsea telecommunications infrastructure network business, to be listed on Singapore bourses. As mentioned in few media reports, business trust, Global Telecommunications Infrastructure Trust (GTI Trust), plans to sell between 642.2 million and 757.6 million units at a price range of $1.09 to $1.32 a unit.

Recently, Reliance Communications reported that it was evaluating a potential initial public offering and listing in Singapore of its subsea telecommunications infrastructure network business, through a Singapore business trust.  The Initial Public Offering (IPO), that could raise as much as $1 billion, would help the parent company in reducing debt load. Billionaire Anil Ambani, controlled Reliance Communications is looking to raise funds for reducing its debt load of $7 billion as of March 2012.

Reliance Comm Share Price

1.05 0.01 (0.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1846.55
Vodafone Idea 9.62
Indus Towers 412.35
Tata Communications 1521.05
Bharti Hexacom Ltd. 1538.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×