Contact Your Financial Adviser Money Making MC
16
February 2018
 |
Reliance
Communications Ltd (The Total Investment & Insurance
Solutions)
The
shareholders of Reliance Communications have approved a plan to monetize the
Spectrum, Towers, Fiber, Telecom Infrastructure and other assets of the
company. After the asset sale, the debt and liabilities of Reliance
Communications would reduce by ~Rs25,000cr by prepayment of debts as well as
transfer of spectrum payments. With this transaction, the company’s asset
monetization is on the track to meet the March 2018 deadline.
Post the various asset sales, Reliance Communications will consist of a stable and profitable B2B focused businesses. This business would include Indian and Global Enterprise, Internet Data Centres and the largest private submarine cable network in the world. This development would have a positive effect on a stock that had been impacted by a loss making B2C mobile network business.
Reliance Communications Ltd is currently trading at Rs 27.8, down by Rs0.15 or 0.54% from its previous closing of Rs27.95 on the BSE. The scrip opened at Rs28.45 and has touched a high and low of Rs29 and Rs27.65 respectively. The BSE group 'A' stock of face value Rs5 has touched a 52 week high of Rs41.77 on 29-Dec-2017 and a 52 week low of Rs9.6 on 15-Nov-2017. Last one week high and low of the scrip stood at Rs30.55 and Rs25.2 respectively.
The promoters holding in the company stood at 52.96 % while Institutions and Non-Institutions held 14.64 % and 31.4 % respectivelyThe Total Investment & Insurance Solutions
Post the various asset sales, Reliance Communications will consist of a stable and profitable B2B focused businesses. This business would include Indian and Global Enterprise, Internet Data Centres and the largest private submarine cable network in the world. This development would have a positive effect on a stock that had been impacted by a loss making B2C mobile network business.
Reliance Communications Ltd is currently trading at Rs 27.8, down by Rs0.15 or 0.54% from its previous closing of Rs27.95 on the BSE. The scrip opened at Rs28.45 and has touched a high and low of Rs29 and Rs27.65 respectively. The BSE group 'A' stock of face value Rs5 has touched a 52 week high of Rs41.77 on 29-Dec-2017 and a 52 week low of Rs9.6 on 15-Nov-2017. Last one week high and low of the scrip stood at Rs30.55 and Rs25.2 respectively.
The promoters holding in the company stood at 52.96 % while Institutions and Non-Institutions held 14.64 % and 31.4 % respectivelyThe Total Investment & Insurance Solutions
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