RCom sells 5% stake in tower biz -VideoBS Reporter / Mumbai July 19, 2007CLICK HERE FOR VIDEOReliance Communications (RCom) today announced the sale of 5 per cent stake in its tower subsidiary, Reliance Telecom Infrastructure (RTIL), to seven institutional investors for $337.5 crore (Rs 1,358 crore), putting the valuation of RTIL at over Rs 27,000 crore.RCom Chairman Anil Ambani said the stake sale would unlock value to the tune of Rs 135 a share for RCom shareholders, which is over 23 per cent of the company
