Financial Daily from THE HINDU group of publications
Friday, Mar 03, 2006
Financial Daily from THE HINDU group of publications Friday, Mar 03, 2006 |
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Markets
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Stocks Reliance Comm Ventures to list on Monday Our Bureau
Mumbai , March 2 Reliance Communications Ventures Ltd (RCoVL) will commence trading on the stock exchanges on March 6, said a release from the Reliance ADA group here today. It was only on Wednesday that the company had field the memorandum of information with the stock exchanges. RCoVL has also sought shareholders' approval to increase the FII limit to 74 per cent of equity share capital. RCoVL, comprising four businesses of Reliance Infocomm, Flag Telecom, Reliance Telecom and Reliance Communications Infrastructure, will see its pricing decided to a large extent on the strength of Reliance Infocomm whose shares are said to be ruling in the grey markets in the Rs 290-320 range. The market buzz is that Reliance ADA group will come out with an announcement in the next few days, clarifying the doubts of investors, before the listing of RCoVL takes place on Monday.
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