Sponsored Links

RPT-India's Unitech shares rally; reaches settlement on Uninor JV

Thu Oct 11, 2012 12:08am EDT

(Repeats to attach to alert with no changes to text)
    MUMBAI, Oct 11 (Reuters) - Unitech shares rose as much as
5.6 percent on Thursday after the company said it has agreed to
dispose of its shareholding in its mobile joint venture Uninor
after reaching a settlement with partner Telenor  on
their legal dispute.
    Unitech did not provide details of the settlement due to
confidentiality obligations. 
    Unitech shares were up 3.9 percent as of 0404 GMT.

 (Reporting by Manoj Dharra, Abhishek Vishnoi; Editing by Rafael
Nam)
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.