Reliance Communications Ltd closes QIP issue, raises Rs. 4808 crores

The QIP Committee of the Board of Directors of Reliance Communications Ltd at its meeting held on June 27, 2014, has closed the QIP Issue and approved the issuance of 33,82,86,197 Equity Shares of face value of Rs. 5/- each to Qualified Institutional Buyers (the "QIBs") at an issue price of Rs. 142.14 per Equity Share, including a premium of Rs. 137.14 per Equity Share, aggregating approximately Rs. 4,808 crore.

The Issue had opened on June 24, 2014.

Shares of RELIANCE COMMUNICATIONS LTD. was last trading in BSE at Rs.146 as compared to the previous close of Rs. 151.4. The total number of shares traded during the day was 1533017 in over 18158 trades.

The stock hit an intraday high of Rs. 152.65 and intraday low of 145.2. The net turnover during the day was Rs. 226377684.

Source : Equity Bulls

Keywords