RCOM is planning to sell an additional 26 per cent stake in its telecom tower business unit, Reliance Telecommunications Infrastructure Limited (RTIL).

RCOM is planning to sell an additional 26 per cent stake in its telecom tower business unit, Reliance Telecommunications Infrastructure Limited (RTIL). RCOM had earlier diluted 5 per cent equity stake in RTIL to a group of seven foreign investors from the US, Europe and Asia for $337.5 million in a deal valuing the tower unit at $6.75 billion. By offloading a higher quantum of stake, the company will reportedly get a 20-30 per cent premium on the earlier valuation.