Reliance
Infrastructure gains on incorporating three WOS.Reliance
Infrastructure is currently trading at Rs. 434.50, up by 11.35 points
or 2.68% from its previous closing of Rs. 423.15 on the BSE.
The
scrip opened at Rs. 425.65 and has touched a high and low of Rs.
435.25 and Rs. 425.65 respectively. So far 78,000 shares were traded
on the counter.
The
BSE group 'A' stock of face value Rs. 10 has touched a 52 week high
of Rs. 820.00 on 10-Jun-2014 and a 52 week low of Rs. 351.55 on
17-Feb-2014.
Last
one week high and low of the scrip stood at Rs. 475.95 and Rs. 400.80
respectively. The current market cap of the company is Rs. 11,441.00
crore.
The
promoters holding in the company stood at 48.53%, while Institutions
and Non-Institutions held 37.38% and 12.44% respectively.
Reliance
Infrastructure has set up three wholly owned subsidiaries (WOS) in
order to pursue growth opportunities in the defence sector. The
company has incorporated Reliance Defence Systems, Reliance Defence
Technologies and Reliance Defence and Aerospace.
Reliance
Infrastructure is the largest power distribution licensee in Mumbai,
with 25 years license to distribute electricity in its licensed
distribution areas spread over 400 Sq. Kms. in the suburbs and
surrounding areas of Mumbai, and supplying power to around 29 lakh
consumers
