Epic Update: Reliance Communications

There has been delivery based buying happening in RComm for last one week. That indicates the bunch of deals likely to happen largely to pare the debt of the company. One will not be surprised to see developments start building up on the Reliance Infratel apart from Reliance Globalcom.
From Reliance Globalcom the company can mobilize about Rs 6,000-6,500 crore and from Reliance Infratel it can mobilize about Rs 12,000-13,000 crore. If that amount gets utilized either for paring their debts that will be seen quite positive. One can expect the stock to move to three digits in next 15-20 days.

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