News for 'reliance-properties-ltd'

RCom hits 52-week high in early trade on realty hive off plans

RCom hits 52-week high in early trade on realty hive off plans

Rediff.com8 Jul 2013

In a bonanza for its shareholders, billionaire Anil Ambani-led Reliance Communications on Sunday announced it is hiving off its entire real estate assets, estimated to be of around Rs 12,000 crore (Rs 120 billion), into a separate listed company.

RCom to demerge realty assets to lower debt

RCom to demerge realty assets to lower debt

Rediff.com8 Jul 2013

The existing shareholders will get one RPL share for each RCom share (of Rs 130 market price) held.