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Bailout of 2G scam tainted executives leads to spurt in RCom

23 Nov 2011 Evaluate

Reliance Communications (RCom) along with that of DB Realty and Unitech gained momentum after Supreme Court granted bail to five company executives charged in a multi-billion dollar telecoms licensing scandal. 14 individuals and three companies have been charged in alleged rigging of a 2007/08 grant of lucrative telecoms licences that a state auditor said cost the government up to $39 billion in revenue.

Reliance Communications is currently trading at Rs. 71.50, up by 1.55 points or 2.22% from its previous closing of Rs. 69.95 on the BSE.

The scrip opened at Rs. 69.00 and has touched a high of Rs. 74.80 and new low of Rs. 67.60 respectively. So far 3921781 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 150.35 on 23-Nov-2010 and a 52 week low of Rs 67.60 on 23-Nov-2011.

Last one week high and low of the scrip stood at Rs 78.90 and Rs 67.60 respectively. The current market cap of the company is Rs 14437.87 crore.

The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 16.91% and 14.65% respectively.

Reliance Comm Share Price

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