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21-Nov2012

RCom rings loud on its unit unveiling unique connectivity service 'Connect Prime'

Reliance Communications is currently trading at Rs 61.55, up by 2.65 points or 4.50% from its previous closing of Rs 58.90 on the BSE.

The scrip opened at Rs 58.95 and has touched a high and low of Rs 61.85 and Rs 58.25 respectively. So far 2778674 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 109.70 on 22-Feb-2012 and a 52 week low of Rs 46.60 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs 64.75 and Rs 58.00 respectively. The current market cap of the company is Rs 12693.77 crore.

The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 16.63% and 15.12% respectively.

Reliance Communications' unit Reliance Business Services has unveiled 'Connect Prime' - a unique connectivity service for large and medium enterprises across India. Connect Prime is designed to provide a secure and superior connectivity service. It facilitates large and medium enterprises to connect their remote offices anywhere in India at a competitive price. The product offers bandwidth option from 64kbps to 512 kbps.

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.


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