The rate war in the telecom industry sparked by Anil Ambani’s Reliance Communication (RCom) and the Telecom Regulatory Authority of India’s (Trai’s) move on per-second billing is taking its toll on share prices of leading service operators. The share price of six telecom companies …
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RNRL may intervene in RIL-NTPC case
Posted on: June 17th 2009 in Stock News.
Close on the heels of the Bombay High Court’s gas supply judgement in its favour, Anil Ambani group firm Reliance Natural Resources (RNRL) is all set to intervene in another case related to gas supply between Mukesh Ambani-led RIL and state-run power producer NTPC. “RNRL will…
R-Infratel eyes $1-bn from PE firms; may sell 10-15 pc stake
Posted on: June 12th 2009 in Stock News.
NEW DELHI: Anil Ambani group firm Reliance Infratel is looking to raise about Rs 5,000 crore (close to one billion dollars) through sale of shares, for which it is in talks with a number of private equity firms. Reliance Infratel, a subsidiary of the group’s telecom arm RCOM, is lo…
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