Reliance Comm stock rises 3%

After denials many denials,it looks like Reliance Comm is about to seal a stake sale deal.

Written by Agencies | Mumbai | Published: July 19, 2010 8:50:37 am

After denials many denials,it looks like Reliance Comm is about to seal a stake sale deal. Shares in Reliance Communications rose more than 3 percent on Monday after a report stated that Emirates Telecommunications (Etisalat) was close to buying 26 percent stake in the Indian firm.

At 0340 GMT,shares in Reliance were up 3.3 percent at 193.25 rupees,while the Mumbai market was down 0.2 percent.

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