RComm up 16% on talks with PEs to sell Reliance Globalcom

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26 Aug, 2025 12:21

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Telecom operator Reliance Communications surged 16 percent in late trade on Monday, to touch a new 52-week high of Rs 100.05 on news that the company is in talks with PE consortium to sell Reliance Globalcom.

The stock breached the Rs 100 level for the first time since April 2012.

Reliance Communications said consortium of global PE funds led by Samena Capital was in advanced stages of due diligence to acquire Reliance Globalcom

"Intended completion timeline of deal is May 2013," the company added.

According to sources, PE consortium included US funds Providence and Carlyle. The deal is in range of USD 1 billion to USD 1.2 billion, sources added.

Sources said earlier Reliance Communications (RCoM) was in talks with Bahrain Telecommunications Company (Batelco), but that was failed on several counts including valuation hitch.

SP Tulsian of sptulsian.com feels the deal is not likely to happen beyond USD 1.2 billion.

Tulsian also expects something to happen on Reliance Infratel because the kind of arrangement they had with Mukesh Ambani’s Reliance Jio. According to him, the company can mobilize USD 3 billion plus in the next three-four months or little longer time.

"If the company can bring down their debt by about USD 3.5-4 billion, that will be seen quite positive," Tulsian adds.

The share shot up 68 percent in April. At 15:11 hours IST, the stock was up 12.5 percent to Rs 96.85 amid large volumes on National Stock Exchange.
 
Market capitalisation of the company currently stands at Rs 19,990.10 crore.

Sources said Reliance Communications made changes to promotional tariff offers. Changes were made to few existing plans in select circles and outgoing rate on Rs 99 promotional postpaid plan hiked, sources added.