Top
Begin typing your search above and press return to search.
keyboard_arrow_down
Login
exit_to_app
Women and girls need to be safe
access_time 2021-01-15T15:08:45+05:30
Another Trump impeachment
access_time 2021-01-15T11:16:29+05:30
Covid 19 spread
access_time 2021-01-14T15:40:30+05:30
Freezing the Centre or the farmer protest?
access_time 2021-01-14T12:55:08+05:30
DEEP READAll arrow_drop_down
Anti-Conversion Law: A law meant for abuse
access_time 2021-01-12T13:56:35+05:30
Syed Shahriyaar
access_time 2021-01-05T19:08:46+05:30
Reading A week in the life of Svitlana
access_time 2020-12-23T12:06:42+05:30
Hum Dekhenge- One year of Anti-CAA protests
access_time 2020-12-22T17:35:06+05:30
The French Fanatic and the Fanatic Fringe
access_time 2020-11-02T15:56:00+05:30
exit_to_app
Homechevron_rightBusinesschevron_rightRCom hits upper...

RCom hits upper circuit for 6th straight session

text_fields
bookmark_border
RCom hits upper circuit for 6th straight session
cancel

New Delhi: Shares of Reliance Communications hit their upper circuit for the sixth consecutive session on Friday amid reports that Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for the debt-ridden firm's assets.

On the BSE, the stock rose 3.85 per cent to 81 paise.

The scrip advanced 5.26 per cent to Re 1 on the NSE.

The shares have hit upper price band on the stock exchanges.

Meanwhile, shares of Bharti Airtel were trading 2 per cent up at Rs 445.45 on the BSE.

Telecom operator Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for debt-ridden Reliance Communications' telecom assets, including spectrum, mobile towers and optical fibre, according to an industry source.

Along with Bharti Airtel, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Limited have submitted their bids.

"Bharti Airtel seems to be the highest bidder with bids of around Rs 9,500 crore. However, the final result will be known on Friday after the committee of creditors opens all the bids," the source said.

Show Full Article
TAGS:
Web Title - RCom hits upper circuit for 6th straight session
Next Story