Reliance Communications is currently trading at Rs. 150.40, up by 1.30 points or 0.87% from its previous closing of Rs. 149.10 on the BSE.
The scrip opened at Rs. 149.45 and has touched a high and low of Rs. 150.70 and Rs. 148.00 respectively. So far 202284 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 164.45 on 20-Sep-2013 and a 52 week low of Rs. 105.80 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 154.35 and Rs. 141.60 respectively. The current market cap of the company is Rs. 31073.92 crore.
The promoters holding in the company stood at 67.80 % while Institutions and Non-Institutions held 20.82 % and 11.11 % respectively.
Reliance Communications (RCom) is planning to set up sub-sea cable linking Mumbai to Singapore with a total investment of $200 million. The new ICX cable is part of the company’s strategy to provide a direct route to emerging markets corridor.
RCom, which is also in discussion with three entities to partner in the project, will spend around $40-45 million in the cable system. The remaining amount would be brought in by its three partners, of which one is a technology partner.
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