Anil Ambani group shares surge; pact with Reliance Industries' unit

MUMBAI, April 2 Tue Apr 2, 2013 6:16am EDT

Related Topics

MUMBAI, April 2 (Reuters) - Shares in Anil Ambani group companies rose sharply after its telecom firm Reliance Communications Ltd entered into a pact with a unit of Mukesh Ambani's Reliance Industries Ltd. for sharing the company's optic fibre network, sparking speculation about a wider rapproachement among the brothers.

Reliance Communications provisionally closed 16.9 percent higher, while Reliance Infrastructure Ltd extended gains to 4.8 percent, and Reliance Capital Ltd gained 5.6 percent.

Mukesh Ambani-controlled Reliance Industries rose 2.1 percent.

(abhishek.vishnoi@thomsonreuters.com)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.