Breaking News

You are here » Indian-Commodity  :  Corporate  :  RCom in talks with Reliance Industries for stake sell in mobile tower unit: Report

25-Jan2013

RCom in talks with Reliance Industries for stake sell in mobile tower unit: Report

Reliance Communications (RCom) is reportedly in talks to sell a stake in its mobile tower unit to Reliance Industries. In this deal, Reliance Industries' unit Reliance Infotel is likely to buy stake in Reliance Communications' unit Reliance Infratel. These talks also involved a leasing arrangement between the two units.

The company has reported a net profit of Rs 110.00 crore for the quarter ended December 31, 2012 as compared to a net loss of Rs 277.00 crore for the same quarter in the previous year. Total income of the company has increased by 9.54% at Rs 3294.00 crore for quarter under review as compared to Rs 3007.00 crore for the quarter ended December 31, 2011.


Related News

View all news

Shilpa Medicare gets certification from EDQM

Shilpa Medicare has received certification for CEP 2004-201 Ambroxol Hydrochloride from European Directorate for the Quality of Medicines & Healthcare (EDQM). Earlier in March, EDQM inspected Shilpa......

Godrej Consumer Products gets RBI's nod to increase FII limit to 40%

The Reserve Bank of India (RBI) has allowed foreign institutional investors (FIIs) to invest up to 40 per cent of the paid up capital of Godrej Consumer Products under the Portfolio Investment Scheme (PIS).......

IDFC gets nod to raise Rs 80,000 crore via issue of non-convertible securities

In a bid to expand business, Infra-sector lender IDFC has received it board's approval to raise up to Rs 80,000 crore by issuing non-convertible securities on private placement basis. The issuance of shares......

Top News

View all news

RIL, ONGC and Lupin to see some action

Reliance Industries (RIL), owner of the world's biggest refining complex, imported nearly 25 percent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance......

Monsoon uncertainty still a risk for inflation: RBI

RBI in its Annual Report for 2014-15  has said that uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for......

Bharti Airtel, Sun TV and Cairn India to see some action

Bharti Airtel, a leading global telecommunications services provider with operations, has signed a definitive agreement to acquire 100% equity stake in Augere Wireless Broadband india (Augere), which holds......