Reliance Communications Update by Epic Research

To raise Rs 3,000 crore via qualified institutional placement (QIP)



To raise Rs 4,300 crore via QIP and warrants issue -Sets floor price for QIP at Rs 149.61/share



Offer price of QIP at Rs 142.13/share, 5 percent to floor price



To allot up to 8.67 crore preference warrants for up to Rs 1,300 crore



To allot up to 8.67 crore preference warrants to promoters at Rs 150/share



To use proceeds of QIP and preferential allotment to repay debt



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Posted in: Indian Market Tips