expressindia.indianexpress.com
expressindia web
HomeBlogsCricketAstrology ShoppingTendersClassifieds Reader Comments
Font Size
Expressindia » Story

Reliance Communications deal with Reliance Industries 'inevitable'-CLSA

Express news service

Posted: Jan 21, 2013 at 1631 hrs IST
CLSA maintained it 'sell' rating on the stock with a target price of 70 rupees, citing debt burden of 367 billion rupees. (AP)

* Shares in India's Reliance Communications Ltd gained 7.1 percent, to their highest level since April 18, 2012, after CLSA said several catalysts could help the company to unlock value, including an "inevitable" tower/infrastructure-sharing deal with Reliance Industries for its 4G rollout.

* "Reliance Industries is the only pan-India 4G spectrum owner. Service rollout is reported to be in 2013 and its best option remains to lease towers from Reliance Infratel," said CLSA in a report.

* However, CLSA maintained it 'sell' rating on the stock with a target price of 70 rupees, citing debt burden of 367 billion rupees.

Stocks More on Reliance Communications Ltd

Company INFO More on Reliance Communications Ltd

Mutual Funds Check for top funds

Print
 
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

BJP tears into UPA govt on 4th anniversary, says it lacks leadership

Sanjay Dutt shifted to Pune's Yerwada Jail

Sreesanth spent Rs 1.95L on clothes, bought friend BlackBerry, paid in cash: Police...

Jessica Lall murder: Actor Shayan Munshi, ballistic expert Manocha to face perjury tr...

India seeks access from US to 26/11 terror convicts Headley, Rana

India, China call for end to incursion issue, sign 8 deals to boost ties

Spot-Fixing: Sreesanth reveals bookies lured India players with cars, women

More
© The Indian Express Limited. All rights reserved
Advertise With Us | Privacy Policy | Feedback | Express Group | Site Map