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    HomeNewsBusinessStocksRel Comm ties up refinancing for FCCB redemptions

    Rel Comm ties up refinancing for FCCB redemptions

    Reliance Communications has tied up refinancing for FCCB redemptions of USD 1.18 billion, reports CNBC-TV18.

    January 17, 2012 / 14:00 IST
       
       
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      Reliance Communications has tied up refinancing for FCCB redemptions of USD 1.18 billion, reports CNBC-TV18.


      The company's FCCB redemption is due on March 1, 2012. China Development Bank, ICBC and EXIM China are going to finance Rel Comm.


      Reliance Communications touched an intraday high of Rs 91.30 and an intraday low of Rs 86.65. At 13:55 hrs the share was quoting at Rs 89.00, up Rs 2.55, or 2.95%.
       
      It was trading with volumes of 2,712,595 shares. In the previous trading session, the share closed down 1.20% or Rs 1.05 at Rs 86.45.

      first published: Jan 17, 2012 01:56 pm

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