Thursday, May 28, 2009

RCom

Shares of RCom surged by over 4% to Rs304 after the company announced that it received shareholders approval for the demerger of its optic fibre division and subsequent merger with wholly-owned subsidiary Reliance Infratel. The scrip touched an intra-day high of Rs308 and a low of Rs292 and recorded volumes of over 5.9mn shares on BSE.

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