Reliance Communication (RCom) is reportedly planning to sell 80% stake in its subsidiary Reliance Globalcom to a consortium led by Bahrain Telecommunications Company (Batelco) for around Rs 6,000 crore. The company will use the proceeds to pay off its debt which is estimated to be around Rs 37,000 crore as of now.
Reliance Globalcom provides global managed network solutions and services, and has network management capability in partnership with carrier partners while, RCom is mainly engaged into the businesses of, Wireless, Broadband, Rural Communication, Reliance World, IDC, Carrier Business and Infrastructure Business.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1901.10 |
| Vodafone Idea | 14.46 |
| Indus Towers | 400.05 |
| Tata Communications | 2022.70 |
| Bharti Hexacom | 1504.30 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: