RCOM profits on extending validity of agreements with Jio

RCOM profits on extending validity of agreements with Jio

by admin- Monday, December 31st, 2018 03:47:51 PM

Reliance Communication is currently buying and selling at Rs. 14.72, up via 0.03 points or zero.20% from its preceding remaining of Rs. 14.69 on the BSE.

The scrip opened at Rs. 14.Ninety and has touched a excessive and occasional of Rs. 14.93 and Rs. 14.56 respectively. So some distance 5413994 shares were traded on the counter.

The BSE institution ‘A’ inventory of face fee Rs. Five has touched a 52 week excessive of Rs. 41.77 on 29-Dec-2017 and a fifty two week low of Rs. 9.55 on 29-Oct-2018.

Last one week excessive and occasional of the scrip stood at Rs. 15.03 and Rs. 13.76 respectively. The present day marketplace cap of the agency is Rs. 4070.86 crore.

The promoters retaining inside the company stood at 53.08%, even as Institutions and Non-Institutions held sixteen.65% and 30.26% respectively.

Reliance Communications (RCOM) and Reliance Jio Infocomm (Jio) have extended the validity of the agreements signed on December 28, 2017 on the market of Towers, Fiber, MCNs and Spectrum of RCOM and its associates to June 28, 2019. The transactions are to be consummated situation to diverse approvals which are currently in progress.

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