Home » RCom to raise Rs 4,300 cr

RCom to raise Rs 4,300 cr

Infrastructure Finance
July 1, 2014July 1, 2014
RCom to raise Rs 4,300 cr
Shares

Reliance Communications plans to raise Rs 4,300 crore by way of a qualified institutional placement of shares and a preferential offer to promoters. The telco will use the proceeds to repay debt. The shares to institutional investors worth Rs 3,000 crore have been priced at Rs 142.2 apiece. The board has decided to offer preferential shares to promoters at the rate of Rs 150 apiece.

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