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Bidders seek discount for RCom tower arm; stock up 4%

Reliance Communications touched an intraday high of Rs 95.05 and an intraday low of Rs 90.85. At 13:51 hrs the share was quoting at Rs 94.50, up Rs 3.85, or 4.25% on the NSE. According to Sources, bidders are seeking significant discount for company's tower arm, reports CNBC-TV18.

March 09, 2011 / 13:56 IST

Reliance Communications touched an intraday high of Rs 95.05 and an intraday low of Rs 90.85. At 13:51 hrs the share was quoting at Rs 94.50, up Rs 3.85, or 4.25% on the NSE.

According to Sources, bidders are seeking significant discount for company's tower arm. ATC may be the highest bidder for RCom towers. 4 bidders have evaluated RCom tower assets. The tower valuation was down sharply due to telecom turmoil, reports CNBC-TV18,
 
It was trading with volumes of 9,069,430 shares. In the previous trading session, the share closed up 0.83% or Rs 0.75 at Rs 90.65.

Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days93.2594.501.251.34
5-Days90.3594.504.154.59
7-Days90.3594.504.154.59
15-Days93.6094.500.900.96
1-Month110.4594.50-15.95-14.44
3-Month129.5094.50-35.00-27.03
6-Month164.7594.50-70.25-42.64
9-Month167.6594.50-73.15-43.63
1-Year163.9094.50-69.40-42.34

first published: Mar 9, 2011 01:54 pm

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