Key Developments: Reliance Communications Ltd (RLCM.NS)

RLCM.NS on National Stock Exchange of India

64.05INR
22 May 2015
Change (% chg)

Rs-0.65 (-1.00%)
Prev Close
Rs64.70
Open
Rs64.95
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Rs65.10
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Rs63.50
Volume
4,879,945
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Rs157.25
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Latest Key Developments (Source: Significant Developments)

Datawind Inc partners with Reliance Communications to provide affordable internet access across india
Tuesday, 17 Mar 2015 07:00am EDT 

Datawind Inc:Says details of its previously disclosed carrier relationship.DataWind is partnering with Reliance Communications to offer bundled unlimited internet browsing for one-year with any of its devices across Reliance Communications' entire Indian coverage network.In addition, DataWind has launched three new smartphone models.  Full Article

Reliance Communications Ltd announces credit rating from Fitch and Moody's
Tuesday, 3 Mar 2015 12:50am EST 

Reliance Communications Ltd:Says that Fitch Ratings (Fitch) has assigned a long-term foreign- and local-currency issuer default ratings (IDR) of 'BB-' (stable outlook) to the company.Moody’s Investors Services (Moody's), has assigned corporate family rating (CFR) of Ba3 (Stable Outlook) to the company.Says that this is first time that Fitch and Moody's have assigned ratings to the company.  Full Article

Reliance Communications Ltd announces appointment of auditor
Tuesday, 30 Sep 2014 04:53am EDT 

Reliance Communications Ltd:Announced the appointment of M/s. Chaturvedi & Shah, Chartered Accountants and M/s. B S R & co. LLP, Chartered Accountants, as the auditors of the company.  Full Article

Reliance Communications Ltd promoter group invests 6.50 bln Indian rupees ($ 108 mln) in RCOM by subscription of warrants on preferential issue
Thursday, 7 Aug 2014 02:23am EDT 

Reliance Communications Ltd:Promoter group invests 6.50 bln Indian rupees ($ 108 mln) in Rcom by subscription of warrants on preferential issue.Promoter group is investing at 150 Indian rupees per equity share.Balance investment of 6.50 bln Indian rupees (U pct 108 mln) will be made by promoters before March. 31, 2015.RCOM consolidated net worth rises to 313.69 bln Indian rupees ($ 5.14 bln).RCOM to use proceeds of preferential issue to reduce debt.Pursuant to resolution passed by shareholders of company at an extra ordinary general meeting of the shareholders of the company held on July 24 committee of directors have allotted, 86.7 mln Indian rupees warrants.Says which entitle equivalent number of equity shares of 5 Indian Rupees each at price of 150 Indian Rupees per share (including a premium of 145 Indian Rupees per share).Aggregating to 13 bln Indian Rupees ($ 216 mln) to Telecom Infrastructure Finance Private Limited, a Promoter Group company, as per provisions of the Securities and Exchange Board of India.Company has received 6.50 bln Indian rupees ($ 108 mln) from Telecom Infrastructure Finance Private Limited equivalent to 50 pct of the issue price of the Equity Shares upon allotment of Warrants and balance amount of 6.50 bln Indian rupees ($ 108 mln) will be received on or before March 31, 2015.Promoter Group is investing at 150 Indian Rupees per equity share.  Full Article

Reliance Communications Ltd's subsidiary raises via global bonds-Business Standard
Friday, 25 Jul 2014 05:28am EDT 

Reliance Communications Ltd:Submarine cable arm of Reliance Communications, Global Cloud Xchange is raising about 21.00 bln Indian Rupees ($350 million) through a debt bond from overseas market mainly to refinance debt-Business Standard.  Full Article

Reliance Communications Ltd to reduce headcount-Business Standard
Tuesday, 8 Jul 2014 08:58am EDT 

Reliance Communications Ltd:Will reduce its workforce by up to 5,500 employees from BPO and shared services operations-Business Standard.  Full Article

Reliance Communications Ltd closes QIP Issue
Friday, 27 Jun 2014 08:48am EDT 

Reliance Communications Ltd:Has closed the QIP Issue and approved the issuance of 338,286,197 equity shares of face value of five Indian Rupees each to Qualified Institutional Buyers (QIBs).It is at an issue price of 142.14 Indian Rupees per share, including a premium of 137.14 Indian Rupees per share, aggregating about 48.08 Bln Indian Rupees.  Full Article

Reliance Communications Ltd to launch up to $500 million share sale-Economic Times
Tuesday, 24 Jun 2014 05:15am EDT 

Reliance Communications Ltd:Is set to launch as early as Tuesday an up to $500 million share sale to institutional investors-Economic Times.A Reliance Communications spokesman declined to comment on the share sale.  Full Article

Reliance Communications Ltd signs master services agreement with Reliance Jlo Infocomm
Monday, 7 Apr 2014 02:39am EDT 

Reliance Communications Ltd:Reliance Jio Infocomm Ltd and Reliance Communications Ltd. signs master services agreement for sharing of RCOM's extensive intra-city optic fiber infrastructure.Under the terms, Reliance Jlo Infocomm will utilize RCM's nationwide intra-city fiber network for accelerated roll-out of its state-of-the-art 4G services across India.The agreement is based on arm's length pricing at prevailing market prices.  Full Article

Reliance Communications Ltd appoints CEO
Monday, 10 Feb 2014 08:15am EST 

Reliance Communications Ltd:Says Vinod Sawhny appointed CEO.  Full Article

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