Monday 7 December 2015

RCom drops 2%; sells tower assets to Tillman Global Holdings and TPG

The company recently signed a Non-Binding Term Sheet with Tillman Global Holdings and TPG for sale of its tower assets and related infrastructure.

Reliance Infrastructure

Reliance Communications (RCom) slipped 2% at Rs. 79.40. The company signed a Non-Binding Term Sheet with Tillman Global Holdings and TPG for sale of its tower assets and related infrastructure.

The scrip opened at Rs. 82.3 and has touched a high and low of Rs. 82.3 and Rs. 78.9 respectively. So far 9464556(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 20173.18 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 105.8 on 05-Dec-2014 and a 52 week low of Rs. 45.65 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 86.6 and Rs. 73.5 respectively.

The promoters holding in the company stood at 59.7 % while Institutions and Non-Institutions held 29.58 % and 10.3 % respectively.

The stock is currently trading below its 50 DMA.

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