India's Reliance Comm talks in progress on unit stake sale - chairman
MUMBAI Aug 27 (Reuters) - Reliance Communications Ltd's talks with potential partners for selling a stake in a unit that includes its undersea cable assets are in progress, Chairman Anil Ambani told shareholders on Tuesday.
He did not name any possible suitor.
Reliance Communications, India's third-biggest mobile phone operator by customers, said in April it was in talks with a private equity consortium that included Samena Capital for the stake sale, after talks with Bahrain Telecommunications Co (Batelco) fell through. (Reporting by Indulal PM; Editing by Gopakumar Warrier)