Meanwhile, the BSE Sensex was up 154.39 points, or 0.98%, to 15,893.09.
On BSE, 1.76 lakh shares were traded in the counter as against an average daily volume of 19.08 lakh shares in the past one quarter.
The stock hit a high of Rs 68.90 and a low of Rs 67.50 so far during the day. The stock had hit a record low of Rs 61 on 20 December 2011. The stock had hit a 52-week high of Rs 149.90 on 3 January 2011.
More From This Section
The stock had underperformed the market over the past one month until 23 December 2011, falling 4.69% compared with the Sensex's 0.25% rise. The scrip had also underperformed the market in past one quarter, sliding 15.22% as against 2.62% fall in the Sensex.
India's second largest listed mobile operator by sales has an equity capital of Rs 1032.01 crore. Face value per share is Rs 5.
According to reports, the deal, which could be worth $4 billion, is expected to be announced in the next two weeks.
Debt-laden Reliance Communications (RCom) has been trying to sell the tower unit for more than one-and-half years to help bring in much needed funds. RCom had said in May 2011 it had several offers for its tower arm. The company needs to sell its stake to help pay some of its $7.5 billion debt.
Reliance Communications' consolidated net profit jumped 60.5% to Rs 252 crore on 2% growth in total turnover to Rs 5040 crore in Q2 September 2011 over Q1 June 2011.
Reliance Communications is an integrated telecommunication company with over 150 million customers. Its business encompasses a complete range of telecom services covering mobile and fixed line telephony. It includes broadband, national and international long distance services and data services along with an exhaustive range of value-added services and applications.
Powered by Capital Market - Live News