SEBI grants Certificate of Registration to Reliance Infrastructure InvIT Fund

India Infoline News Service | Mumbai | November 25, 2016 12:40 IST

Reliance Infrastructure Limited is the Sponsor to the said InvIT Fund which will carry out the activities as an InvIT, subject to the conditions specified in the SEBI Act, 1992 and the Regulations made there under.

Reliance Infrastructure
The Securities and Exchange Board of India (SEBI) has granted the certificate of registration in terms of Regulation 6 of SEBI (Infrastructure Investment Trusts) Regulations, 2014 (Regulations) to Reliance Infrastructure InvIT Fund.

Reliance Infrastructure Limited is the Sponsor to the said InvIT Fund which will carry out the activities as an InvIT, subject to the conditions specified in the SEBI Act, 1992 and the Regulations made there under.

Stock Commentary:

Reliance Infrastructure Ltd is currently trading at Rs 461.45, up by Rs 9.1 or 2.01% from its previous closing of Rs 452.35 on the BSE.

The scrip opened at Rs 458 and has touched a high and low of Rs 463.95 and Rs 451.6 respectively. So far 1385046 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 11896.35 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 635.35 on 09-Sep-2016 and a 52 week low of Rs 387.45 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 489.65 and Rs 435.3 respectively.

The promoters holding in the company stood at 48.36 % while Institutions and Non-Institutions held 36.8 % and 11.99 % respectively.

The stock is currently trading below its 100 DMA.

***Note: This is a NSE Chart

 

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