Reliance Communication shines on inking pact with WhatsApp

16 Oct 2012 Evaluate

Reliance Communication is currently trading at Rs. 62.25, up by 0.35 points or 0.57% from its previous closing of Rs. 61.90 on the BSE.

The scrip opened at Rs. 62.40 and has touched a high and low of Rs. 62.80 and Rs. 62.15 respectively. So far 477909 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. 46.60 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 64.85 and Rs. 58.95 respectively. The current market cap of the company is Rs. 12869.21 crore.

The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 16.30% and 15.47% respectively.

Flagship company of the Anil Dhirubhai Ambani Group (ADAG), Reliance Communication has inked pact with WhatsApp in India. Through these initiative, it has introduced the prepaid - WhatsApp Plan for all Reliance GSM subscribers and My College Plan for students across the country.

With this, Reliance GSM customers can enjoy unlimited usage of WhatsApp and Facebook across the country at a nominal fee of Rs 16 per month, without paying any extra data consumption charges. Facebook is bundled complimentary in this pack for a limited period and hence a customer's use of WhatsApp and Facebook is absolutely free on the Reliance network. With a validity period of 30 days from the date of recharge, the plan is auto-renewed every 30 days unless unsubscribed.

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.

Reliance Comm Share Price

2.04 0.09 (4.62%)
14-Jun-2024 16:01 View Price Chart
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